常备回购便利工具(SRF)

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美联储官员:鼓励机构积极利用SRF工具 以应对市场流动性挑战
news flash· 2025-05-22 19:15
Core Viewpoint - The Federal Reserve is encouraging financial institutions to actively utilize the Standing Repo Facility (SRF) to address market liquidity challenges, despite current liquidity being ample [1] Group 1: SRF Tool Utilization - Federal Reserve officials advocate for the use of the SRF tool under economically reasonable circumstances to support effective monetary policy implementation and promote market stability [1] - The New York Fed plans to expand SRF operations from only afternoon sessions to include morning sessions, allowing for same-day settlement, which is a significant step to enhance the tool's effectiveness [1] Group 2: Market Liquidity and Balance Sheet - There are indications that market liquidity is tightening, and the Fed's balance sheet reduction may take some time to complete [1] - As the Fed continues to reduce its balance sheet and lower reserve levels, upward pressure on money market rates may increase [1]