11000亿元！央行今日开展操作→

Core Viewpoint - The People's Bank of China (PBOC) is set to conduct a 1.1 trillion yuan reverse repo operation on January 8, 2026, to maintain ample liquidity in the banking system, marking the third consecutive month of equal-scale operations [2] Group 1: Reverse Repo Operations - On January 8, 2026, the PBOC will conduct a fixed-quantity, interest-rate tender, multi-price reverse repo operation amounting to 1.1 trillion yuan with a term of 3 months (90 days) [2] - The operation on January 8 will match the maturity of 1.1 trillion yuan of 3-month reverse repos, indicating a continuation of the same scale for the third month [2] - Additionally, there is an expectation of another 600 billion yuan 6-month reverse repo operation in January, with a likelihood of an increased amount [2] Group 2: Monetary Policy Outlook - Analysts anticipate that the PBOC will utilize both reverse repos and Medium-term Lending Facility (MLF) tools to inject medium-term liquidity into the market throughout January [2] - The overall monetary policy for January reflects a continuation of a "moderately accommodative" stance, aimed at ensuring sufficient liquidity [2] - There is also a potential for an additional 200 billion yuan MLF operation due to upcoming maturities [2]