中文：

央行调息是指中央银行调整存贷款基准利率的行为。央行调息会对整个经济产生一定的影响，主要表现在以下几个方面：

一、对房贷市场的影响。央行调息会影响房贷市场的供需关系，进而影响房价。如果央行调高利率，将会使得购房者的房贷负担增加，进而抑制购房需求，可能导致房价下跌；如果央行降低利率，将会刺激购房者购买房产，进而推动房价上涨。

二、对股市的影响。央行调息会影响投资者的预期和投资行为，进而影响股市的走势。如果央行调高利率，将会使得投资者对未来的经济增长预期降低，进而减少对股票等风险资产的投资，可能导致股市下跌；如果央行降低利率，将会增强投资者对未来的经济增长预期，进而增加对股票等风险资产的投资，可能导致股市上涨。

三、对货币供应量的影响。央行调息会影响货币供应量。如果央行调高利率，将会使得企业和个人更愿意将资金存入银行，进而减少货币供应量；如果央行降低利率，将会刺激企业和个人更多的使用资金，进而增加货币供应量。

英文：

Central bank interest rate adjustment refers to the central bank's adjustment of benchmark interest rates for deposits and loans. Central bank interest rate adjustment will have a certain impact on the entire economy, mainly manifested in the following aspects:

First, the impact on the mortgage market. Central bank interest rate adjustment will affect the supply and demand relationship of the mortgage market, which will further affect house prices. If the central bank raises interest rates, it will increase the burden of mortgage repayments for home buyers, thereby inhibiting their demand for purchasing homes, which may lead to a decline in housing prices. If the central bank lowers interest rates, it will stimulate home buyers to purchase real estate, thereby driving up housing prices.

Second, the impact on the stock market. Central bank interest rate adjustment will affect investors' expectations and investment behavior, which will further affect the trend of the stock market. If the central bank raises interest rates, it will lower investors' expectations for future economic growth and reduce their investment in risk assets such as stocks, which may lead to a decline in the stock market. If the central bank lowers interest rates, it will enhance investors' expectations for future economic growth and increase their investment in risk assets such as stocks, which may lead to a rise in the stock market.

Third, the impact on money supply. Central bank interest rate adjustment will affect money supply. If the central bank raises interest rates, it will make enterprises and individuals more willing to deposit funds in banks, thereby reducing money supply. If the central bank lowers interest rates, it will stimulate enterprises and individuals to use more funds, thereby increasing money supply.