After the deposit-side interest rate drops, the corresponding loan-side interest rate will also drop to a certain extent. At this time, everyone goes to the bank to apply for a loan, and the interest will be reduced accordingly.

After the interest rate is lowered, the cost of applying for commercial loans, consumer loans or mortgages will all fall.

For ordinary people, this effect is most likely the downward adjustment of mortgage interest rate. At present, the mortgage interest rate of many banks may reach 5.3%, but after this adjustment, the loan interest rate may fall below 5.2%, or even below 5%, which will reduce the cost of buying a house accordingly, and at least reduce the mortgage interest of tens to hundreds of yuan per month.