Since the beginning of this year, China's economy has been facing increasing downward pressure. The central bank has begun to shift its currency policies to a targeted interest rate reduction after the seemingly inefficient easing policies such as targeted RRR cuts. And on August 27th, the central bank announced that a preferential interest rate will be adopted to support agriculture reloans. ANBOUND think tank scholars note that this round of targeted interest rate reduction indicates that the central bank has currently shifted its currency policies from focusing on quantity at the beginning of the year to focusing on price at the present time. And it can be projected that if the economic downward pressure is further enhanced and the weakening economy is not improved, the central bank will further expand the targeted scope of interest rate reduction.