央行启动并调整14天期逆回购释放什么信息？专家：未来灵活搭配长、中、短期操作品种 流动性管理将更加精准高效

Group 1 - The central bank announced the adjustment of the 14-day reverse repurchase operation to a fixed quantity, interest rate bidding, and multiple price bidding, indicating a moderately loose monetary policy direction [1] - The initiation of the 14-day reverse repurchase operation is slightly earlier than in previous years, with the actual occupation day reaching 17 days, aimed at providing cross-holiday funds to institutions [1] - The central bank has previously net injected 300 billion yuan through reverse repurchase operations, which helps alleviate the preventive funding needs of institutions before the quarter-end and holidays [1] Group 2 - The adjustment of the 14-day reverse repurchase operation reinforces the policy rate status of the 7-day reverse repurchase operation [2] - The change to multiple price bidding allows for market-driven pricing, reflecting differentiated funding needs of institutions, thus clarifying the policy rate attribute of the 7-day reverse repurchase operation [2] - The future flexibility in liquidity management will enable the central bank to better match long, medium, and short-term operation varieties based on liquidity conditions and institutional demands [2]