Group 1 - The People's Bank of China (PBOC) announced a 700 billion yuan reverse repo operation to maintain liquidity in the banking system, with a term of 3 months (91 days) [1] - This operation is a continuation of the 700 billion yuan reverse repo maturing this month, indicating a rollover of the same amount [1] - Analysts expect the PBOC to conduct another 6-month reverse repo operation later this month, likely with an increased amount, to inject medium-term liquidity into the market for the sixth consecutive month [1] Group 2 - The PBOC is expected to utilize both reverse repos and Medium-term Lending Facility (MLF) tools to continuously inject medium-term liquidity into the market [2] - As of October, the net liquidity injection from various central bank tools included a net injection of 20 billion yuan from open market operations [2][3] - The PBOC's recent actions are aimed at stabilizing liquidity and supporting the bond market, with a cautious approach to avoid rapid declines in interest rates [4]
3个月期买断式逆回购将迎等量续作 专家称月内央行或加量投放中期流动性
Xin Hua Cai Jing·2025-11-04 13:43