Core Viewpoint - The People's Bank of China (PBOC) has released liquidity injection data for January 2026, indicating a mixed approach to monetary policy with significant net injections through various tools [1] Group 1: Monetary Policy Tools - In January, the Medium-term Lending Facility (MLF) saw a net injection of 700 billion yuan [1] - The Standing Lending Facility (SLF) recorded a net withdrawal of 79 billion yuan [1] - Other structural monetary policy tools had a net injection of 641 billion yuan [1] Group 2: Open Market Operations - The net injection from open market operations included 100 billion yuan from government bond transactions [1] - A net injection of 1,678 billion yuan was recorded from 7-day reverse repos [1] - Central treasury cash management showed a net withdrawal of 600 billion yuan, while other term reverse repos had a net injection of 1,000 billion yuan [1]
央行：1月中期借贷便利净投放7000亿元 公开市场国债买卖净投放1000亿元
Sou Hu Cai Jing·2026-02-03 10:48