央行今日开展9000亿元MLF操作，为连续第8个月加量续做｜快讯

Core Viewpoint - The People's Bank of China (PBOC) is implementing a series of monetary policy measures to maintain liquidity in the banking system, including a 900 billion yuan MLF operation and a net liquidity injection of 600 billion yuan in October [2][3]. Group 1: Monetary Policy Actions - On October 27, the PBOC will conduct a 900 billion yuan MLF operation with a one-year term to ensure ample liquidity in the banking system [2]. - With 700 billion yuan of MLF maturing in October, the net MLF injection for the month will reach 200 billion yuan, marking the eighth consecutive month of increased MLF operations [2]. - The total net liquidity injection for October, including 400 billion yuan of reverse repos, amounts to 600 billion yuan, maintaining a high level of net injection compared to the previous month [2]. Group 2: Economic Outlook and Future Measures - Analysts suggest that the PBOC's continued liquidity support signals a sustained accommodative monetary policy stance, especially in light of increasing external volatility and the impact of high tariffs on global trade [2]. - There is an expectation for further monetary policy tools to be employed in the fourth quarter, including potential reserve requirement ratio (RRR) cuts and the resumption of government bond transactions to stabilize economic growth and employment [2][3]. - The PBOC aims to enhance liquidity management through various tools like reverse repos and RRR cuts to meet the demands of government bond issuance and increased credit supply [3].