Core Viewpoint - The People's Bank of China (PBOC) announced a 600 billion yuan medium-term lending facility (MLF) operation to maintain ample liquidity in the banking system, indicating a continued supportive monetary policy stance [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 MLF operations [1] Group 2: Economic Implications - The continuous injection of medium-term liquidity signals a sustained use of quantity-based monetary policy tools, which is expected to support the smooth issuance of government bonds [1] - This policy is also aimed at better meeting the credit financing needs of enterprises and households [1]
央行将开展6000亿元MLF操作，连续第7个月加量续作
Xin Hua Cai Jing·2025-09-25 00:05