Core Viewpoint - The People's Bank of China (PBOC) is injecting liquidity into the banking system by conducting a 600 billion yuan Medium-term Lending Facility (MLF) operation, indicating a supportive monetary policy stance to meet credit financing needs [1] Group 1: Monetary Policy Actions - On September 25, the PBOC will conduct a 600 billion yuan MLF operation with a one-year term, using a fixed quantity, interest rate bidding, and multiple price bidding method [1] - With 300 billion yuan of MLF maturing in the same month, the net injection of MLF will amount to 300 billion yuan, marking the seventh consecutive month of increased operations [1] Group 2: Economic Implications - The continuous injection of medium-term liquidity signals a sustained supportive monetary policy, which is expected to facilitate the smooth issuance of government bonds [1] - This policy is also aimed at better meeting the credit financing demands of enterprises and households [1]
中国人民银行今日开展6000亿元MLF操作
Qi Huo Ri Bao·2025-09-24 16:02