4000亿元！央行发布重要公告

Group 1 - The People's Bank of China (PBOC) announced a 400 billion MLF operation to maintain ample liquidity in the banking system, with a fixed quantity and interest rate auction method, set for December 25, 2025 [1] - The PBOC also conducted a 260 billion 7-day reverse repo operation at an interest rate of 1.4%, resulting in a net withdrawal of 208 billion yuan due to 468 billion yuan of reverse repos maturing [3][5] - The overall liquidity in the banking system remains ample, with expectations for continued loose liquidity conditions, as indicated by the report from Huafu Securities' fixed income research team [6]