Chinese central bank's interest cut policy implemented on 21st November has made the suspicion on China's monetary policy come to the end. But ANBOUND think tank scholars consider that the interest cut will push the debates on the monetary policy in the period ahead to a new high. Basically, the interest cut has opened a path of cutting the reserve ratio and interest rate, but the right point and frequency is unsure. The implementation of the monetary policy under the "New Normal" requires new ideas, as well as the construction and maintenance of good conditions for reform and transition, then the government could properly and reasonably apply various policy tools according to the changes of situation.