People's Bank reverse repurchase of 258 billion yuan and conduct 600 billion yuan MLF operations

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People's Bank announces that today, a 7-day reverse repurchase operation of 258 billion yuan (RMB, same below) was conducted through fixed-rate, quantity-based bidding, fully meeting the needs of primary dealers, with the interest rate remaining at 1.4%. The bid amount continued to match the winning amount.

This scale reached a new high since March 30, marking the 4th consecutive day of net injections in the open market, with a scale of 257 billion yuan today.

According to Reuters statistics, a total of 304.5 billion yuan of reverse repos will mature in the open market this week, of which 1B yuan is due today.

MLF outstanding balance has risen to 7.2 trillion yuan

Additionally, to maintain ample liquidity in the banking system, the People's Bank today conducted a 600 billion yuan medium-term lending facility (MLF) operation through fixed-amount, fixed-rate bidding with multiple strike prices, with a one-year maturity. This scale increased by 100 billion yuan net compared to the amount due this month. As a result, the outstanding balance of MLF not yet due has risen to 7.2 trillion yuan.

The next MLF maturity is on June 25, with a scale of 300 billion yuan.

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