Central Bank launches 400 billion yuan MLF operation
Beijing, July 15 (Reporter Wu Qiuyu) The People’s Bank of China issued an announcement on the 15th that the medium-term borrowing facility (MLF) operation was carried out on the day of 400 billion yuan, with a period of one year, and the bid interest rate was 2.95%. The interest rate was the same as the previous time. Carry out reverse repurchase operations.
The central bank said that the MLF operation is a continuation of two MLF expirations and one targeted medium-term loan facility (TMLF) expiration this month, of which TMLF renewal can continue to roll, with a total period of 3 years.
"Recently, the central bank's reverse repurchase rate has remained stable, and the market interest rate center has risen, which indicates that the MLF interest rate will remain unchanged in July." Wang Qing, chief macro analyst of Oriental Jincheng, believes that on July 1, the central bank lowered the re-loan and discounted interest rate. The main goal is to increase the attractiveness of “direct” tools to commercial banks, and to strengthen the directional delivery of financial resources to small, medium and micro enterprises. In the short term, after such structural monetary policies are in force, the demand for lowering MLF interest rates, etc., instead Has declined.