[experts expect reserve rate cuts and interest rate cuts in the second half of the year] Financial data will be released in May. Experts predict that the scale of new credit will pick up month-on-month in May, and medium-and long-term loans to enterprises are an important support for new credit. For some time in the future, monetary policy will continue to be based on structural policy instruments, and it is expected that reserve requirements and interest rates will be cut in the second half of the year. "at present, inflationary pressures are low, and there is still room for monetary policy." Zhang Ming, deputy director of the Institute of Finance of the Chinese Academy of Social Sciences, said that targeted reserve rate cuts and further interest rate cuts could be considered to reduce the borrowing costs of micro-entities. Li Chao, chief economist of Zheshang Securities, believes that it is expected to cut reserve requirements and interest rates in the second half of the year. The RRR cut reflects the demand for stable growth and employment protection; for the interest rate cut, it is expected that the Federal Reserve may enter the interest rate reduction cycle in the fourth quarter, there will be opportunities for improvement in the balance of payments and exchange rate, and the space for monetary policy easing will be further opened to form the expectation of interest rate reduction. (China Securities News)