6000亿！央行，明日操作！

Core Viewpoint - The People's Bank of China (PBOC) will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation to maintain ample liquidity in the banking system, marking the sixth consecutive month of increased MLF issuance [2]. Group 1 - The PBOC will carry out a 600 billion yuan MLF operation on August 25, 2025, with a one-year term [2]. - With 300 billion yuan of MLF maturing this month, the net MLF injection for August will reach 300 billion yuan [2]. - The MLF is a monetary policy tool that provides medium-term base currency to eligible commercial and policy banks, using a bidding process [2]. Group 2 - The MLF is issued against high-quality collateral such as government bonds, central bank bills, and high-grade credit bonds [2]. - The MLF interest rate influences the cost of medium-term financing for financial institutions, guiding them to provide low-cost funds to the real economy [2].