央行操作日报

Monetary Policy Operations - The central bank conducted a 7-day reverse repurchase operation of 324 billion yuan at an interest rate of 1.80%, unchanged from previous rates, resulting in a net injection of 275 billion yuan after accounting for 49 billion yuan maturing today[4] - No Medium-term Lending Facility (MLF) or Pledged Supplementary Lending (PSL) operations were conducted today, with the MLF interest rate remaining at 2.50%[2] Market Liquidity - The daily liquidity injection and withdrawal data shows a net liquidity injection of 2,750 billion yuan today, with total liquidity injections reaching 4,000 billion yuan and withdrawals at 1,250 billion yuan[2] - The 3-month SHIBOR rate is currently at 2.50%, indicating stable short-term borrowing costs in the interbank market[2] Interest Rate Trends - The interest rate swap curve indicates a slight upward trend, with the 3-year and 5-year rates hovering around 2.50% and 3.00% respectively, reflecting market expectations for future interest rate movements[5] - The weighted average interest rate for MLF and TMLF operations is currently at 3.50%, suggesting a cautious approach by financial institutions in borrowing from the central bank[5]