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On June 25, the central bank will launch a 300 billion yuan MLF operation with fixed amounts, interest rate tenders, and multiple price bid wins for a period of 1 year. Since the MLF of 182 billion yuan expired in June, a net investment of 118 billion yuan was achieved. This is also the fourth month in a row that the central bank has exceeded the MLF period. Experts said that in the second half of the year, the central bank may continue to exceed the MLF period and combine it with buyout reverse repurchase operations to reasonably supplement medium-term liquidity. At the same time, various monetary policy tools, such as open market operations, are comprehensively used to ensure that liquidity continues to be at an adequate level.

Zhitongcaijing·06/24/2025 22:25:03
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On June 25, the central bank will launch a 300 billion yuan MLF operation with fixed amounts, interest rate tenders, and multiple price bid wins for a period of 1 year. Since the MLF of 182 billion yuan expired in June, a net investment of 118 billion yuan was achieved. This is also the fourth month in a row that the central bank has exceeded the MLF period. Experts said that in the second half of the year, the central bank may continue to exceed the MLF period and combine it with buyout reverse repurchase operations to reasonably supplement medium-term liquidity. At the same time, various monetary policy tools, such as open market operations, are comprehensively used to ensure that liquidity continues to be at an adequate level.