Central bank's claim on cutting interest rate to expand the interest floating range under the downward pressure of economy matches the market expectation. The series easing monetary policies aim at hedging the sluggish economy and rising real interest rate driven by deflation. According to the study of ANBOUND research team, China’s easing monetary policies that is one of the participants of the global battle against deflation will generate a wild range of chain reaction. However, when the short-term effect is gone, the main causes of economic recession still exist, the floating range of various markets will also be restrained.