Core Viewpoint - The People's Bank of China (PBOC) continues to signal stable liquidity in the market by increasing the Medium-term Lending Facility (MLF) operations, ensuring a net injection of funds to support the financial market's stability as the year-end approaches [1] Group 1 - In December, the PBOC conducted a 177.1 billion yuan 7-day reverse repurchase operation at a fixed rate of 1.4% [1] - On the same day, 88.3 billion yuan in 7-day reverse repos and 300 billion yuan in MLF were set to mature, while the PBOC implemented a 400 billion yuan MLF operation, resulting in a total net injection of 188.8 billion yuan [1] - Experts indicate that the continued increase in MLF operations in December aims to provide mid-term liquidity to ensure smooth financial market operations at the year's end [1] Group 2 - The total net injection from MLF operations for the entire year of 2025 is projected to exceed 1 trillion yuan, indicating ongoing support for market liquidity [1]
央行连续加量续作MLF，全年净投放超1万亿元
Sou Hu Cai Jing·2025-12-25 23:52