
中国央行周一启动每日隔夜逆回购操作,拉开重塑流动性框架序幕,确立短期工具为主要政策锚定利率。
China’s central bank launched daily overnight reverse repurchase operations on Monday, kicking off a revamped liquidity framework that establishes the short-term tool as its primary policy anchor.
据彭博社测算,中国人民银行周一开展5410亿元人民币(约合813亿美元)隔夜逆回购操作,中标利率为1.25%。扣除到期逆回购后,实现净回笼5150亿元。
The People’s Bank of China conducted 541 billion yuan ($81.3 billion) overnight reverse repurchases on Monday at 1.25%. After accounting for maturing reverse repos, it resulted in a net withdrawal of 515 billion yuan from the banking system, according to Bloomberg calculations.
这是央行周五宣布改革以来的首次常规操作,标志着正式摆脱以七天期逆回购利率为主要政策锚定利率的做法。央行此前表示,原本以七天期利率为基准的其他工具将改为挂钩隔夜利率。早前报道:中国解除关键利率保密 设定利率低于旧基准
This marks the first regular session since the PBOC unveiled the overhaul on Friday, formalizing a shift away from the seven-day reverse repo rate as its primary policy anchor. Other tools that used to be based on the seven-day benchmark will be linked to the overnight rate going forward, the PBOC had said. Earlier story: China Lifts Secrecy on Key Rate, Sets It Below Old Benchmark