Core Viewpoint - The People's Bank of China (PBOC) will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation to maintain ample liquidity in the banking system, marking the sixth consecutive month of increased MLF issuance [1] Group 1: MLF Operation Details - The MLF operation will be conducted on August 25, 2025, with a fixed amount and interest rate bidding, and a one-year term [1] - With 300 billion yuan of MLF maturing this month, the net MLF injection for August will reach 300 billion yuan [1] Group 2: Purpose and Mechanism - The MLF is a monetary policy tool that provides medium-term base currency to eligible commercial and policy banks, aimed at influencing their asset-liability management and market expectations [1] - The MLF is issued against high-quality collateral such as government bonds, central bank bills, policy financial bonds, and high-grade credit bonds [1] - The interest rate of the MLF is adjusted to affect the cost of medium-term financing for financial institutions, guiding them to provide low-cost funds to the real economy and reduce social financing costs [1]
央行：今日将开展6000亿元MLF操作 期限为1年期
Zheng Quan Shi Bao·2025-08-24 22:14