Central Bank Vice President Zou Lan: The market widely expects the Fed to restart interest rate cuts in the second half of the year, and the misalignment of the monetary policy cycles between China and the US will improve.

Jin10 data reported on July 14th, the Deputy Governor of the Central Bank, Zou Lan, stated that the market generally expects the Fed to restart interest rate cuts in the second half of the year, as major developed economies are in a rate-cutting cycle. The market's expectation for the Fed to restart interest rate cuts is heating up, which will improve the mismatch in the monetary policy cycles of China and the U.S., leading to a narrowing of the interest rate differential between China and the U.S.