Group 1 - The central bank has shown a clear intention to support liquidity management since August, with significant reverse repos and medium-term lending facility (MLF) operations scheduled [1][3] - A total of 6000 billion yuan MLF operation was announced on August 22, marking the sixth consecutive month of increased MLF operations, with a net injection of 3000 billion yuan [3][5] - The total net injection of medium-term liquidity reached 6000 billion yuan as of August 22, which is double the amount from the previous month and the largest since February 2025 [3][4] Group 2 - The central bank has implemented multiple measures to stabilize market fluctuations, including announcing operation sizes and durations before reverse repos and MLF operations [4] - The coordination between monetary policy and fiscal policy is evident, as the central bank continues to inject medium-term liquidity to support credit expansion and meet financing needs [4][5] - Future monetary policy will likely continue to focus on maintaining ample liquidity through various tools, with limited upward pressure on market interest rates [5]
央行连续6个月加量续做MLF!8月净投放6000亿创年内新高,释放政策加力信号
Sou Hu Cai Jing·2025-08-25 00:46