🔥Breaking! The central bank released 1 trillion at midnight! What signal does it send?🔥
Just now, the central bank made a big move👇
1 trillion buyout reverse repos! Term of 6 months!
500 billion just expired before the Spring Festival, this time directly increasing the amount, net injection of 500 billion real money💸
💡The key is that this time the play has changed——
"Multiple price bidding"
In plain language: there is no unified bidding price! Each bank quotes itself, and can take as cheap money as they are willing to accept a high interest rate, relying on their own abilities to make a living🍚
The central bank does not forcibly set prices, only responsible for pumping money, not responsible for signaling interest rate cuts📉
⚠️Note: Don't think too much
The 7-day reverse repo rate (1.4%) is the only policy interest rate child👑
This time it's not an interest rate cut, it's "liquidity support"
❓Why suddenly inject liquidity?
After the Spring Festival, cash will flow back, local government bonds will be issued in a cluster, and there will be a wave of interbank certificates maturing... The bank's funding chain needs to breathe😮💨
Buyout-style is cheaper than MLF, banks get low-cost long-term funds, the cost of liabilities decreases, and the net interest margin doesn't have to be squeezed to death📉
In summary:
The central bank quietly stuffed 500 billion pocket money to banks, not high-interest loans, but truly fragrant long-term money💰
The market is not short of money, but short of cheap money—this time, cheap money has arrived.
