Group 1 - The central bank is expected to continue using various monetary policy tools to maintain liquidity in the market, ensuring a moderately loose monetary policy [4] - As of August 22, the central bank's net medium-term liquidity injection reached 600 billion yuan, double that of the previous month, marking the largest net injection since February 2025 [3] - The central bank has conducted multiple operations to inject medium-term liquidity, indicating a clear intention to support liquidity despite stable macroeconomic performance in the first half of the year [3][4] Group 2 - The upcoming week will see a total of 20,770 billion yuan in reverse repos maturing, along with 3,000 billion yuan in medium-term lending facility (MLF) and 9,000 billion yuan in buyout reverse repos [1][2] - The central bank has announced a 6,000 billion yuan MLF operation on August 25, resulting in a net injection of 3,000 billion yuan, marking the sixth consecutive month of increased MLF operations [2] - Market interest rates are expected to have limited upward movement due to the central bank's ongoing liquidity support measures [4]
8月以来央行 加码投放中长期流动性
Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-24 23:18