中国央行开展11000亿元买断式逆回购操作

Core Viewpoint - The People's Bank of China (PBOC) is conducting a 1.1 trillion yuan buyout reverse repurchase operation to maintain liquidity in the banking system, signaling a supportive monetary policy stance [1][2] Group 1: Monetary Policy Actions - The PBOC will conduct a buyout reverse repurchase operation of 1.1 trillion yuan with a term of 3 months (91 days) to inject medium-term liquidity into the banking system [1] - This operation aims to stabilize the funding environment, support government bond issuance, and encourage financial institutions to increase credit supply [1][2] Group 2: Market Impact and Expectations - Analysts expect the PBOC to utilize various monetary policy tools, including reverse repos and reserve requirement ratio cuts, to enhance short- and medium-term market liquidity [2] - The 91-day term of the operation is designed to ensure liquidity remains ample before and after the New Year, contributing to stable financial market operations [1][2] - The interest rate for the buyout reverse repurchase is lower than that of the same-term Medium-term Lending Facility (MLF), which will help reduce funding costs for financial institutions [1]