Core Viewpoint - The People's Bank of China (PBOC) announced a plan to conduct a Medium-term Lending Facility (MLF) operation of 900 billion yuan to maintain ample liquidity in the banking system, scheduled for October 27, 2025 [1]. Group 1: MLF Operation Details - The MLF operation will be conducted using a fixed quantity and interest rate bidding method, with multiple price levels for bidding [1]. - The operation will have a term of one year [1]. Group 2: Understanding MLF - MLF, or Medium-term Lending Facility, was established by the PBOC in September 2014 and is commonly referred to as "麻辣粉" (spicy powder) in the market [2]. - It serves as a monetary policy tool that provides medium-term base currency, allowing eligible commercial banks and policy banks to apply for funds from the central bank [2].
9000亿元！央行宣布，下周一操作
Sou Hu Cai Jing·2025-10-25 02:01