Before the strengthening of the US dollar, is there a golden opportunity for reserve requirement ratio cuts?

Based on the given information, this falls under macroeconomic-related information. According to Huajin Securities, they expect the first rate cut by the Federal Reserve to occur no earlier than September 2024, and the US dollar index may rebound in 2024. For China's monetary policy, the current period is a critical window of opportunity, and a reserve requirement ratio cut can be considered. In addition, it is expected that the MLF rate and 1Y LPR can be lowered, while the reduction in 5Y LPR is relatively narrow. Based on this information, it can be concluded that a reserve requirement ratio cut in January is an ideal choice. The expected reduction is 50 basis points, or a decrease of around 10 basis points for the MLF rate and 1Y LPR.