Core Viewpoint - The People's Bank of China (PBOC) is maintaining a supportive monetary policy by injecting liquidity through a 400 billion yuan Medium-term Lending Facility (MLF) operation, indicating a commitment to support economic growth and financing needs [1] Group 1: MLF Operations - On December 25, the PBOC will conduct a 400 billion yuan MLF operation with a one-year term, using a fixed quantity and interest rate tender method [1] - With 300 billion yuan of MLF maturing in the same month, the net injection of MLF will amount to 100 billion yuan, marking the tenth consecutive month of increased MLF operations [1] Group 2: Annual Overview - For the entire year, the net MLF injection from the central bank has exceeded 1.1 trillion yuan, reflecting ongoing liquidity support [1] - The continuous use of MLF and other policy tools by the PBOC is aimed at facilitating large-scale government bond issuance and meeting the credit financing needs of enterprises and households [1]
央行将开展4000亿元MLF操作 连续10个月加量续作
Feng Huang Wang Cai Jing·2025-12-25 00:15