reduction of the reserve on the 25th, the central bank will replenish large amount of water again. Today, through the open market operation, it will invest another 541.1 billion yuan to protect the liquidity before the Spring Festival
. Market participants pointed out that in view of the funds released by the central bank through the reduction of reserve and reverse repo in the near future, there is no n
eed to worry too much about the liquidity around the Spring Festival, and there is a high probability that the funds will cross the year smoothly. The people's Bank of China announced in the morning today that it is still at the peak of the tax period, and the total liquidity of the banking system has declined rapidly. In order to maintain the reasonable and abundant liquidity of the banking system, the people's Bank of China launched a reverse
repurchase operation of 541.1 billion yuan by way of interest rate bidding on Feb
ruary 25, 2122. The reverse repo operation includes 351.1 billion yuan in 4-day period and 221.1 billion yuan in 23-day period. The b
id winning rates are stable at 2.55% and 2.35% respectively. As there are 21.1 billion yuan of reverse repo due today, the net investment is 551.1 billion yuan. Due to the influence of tax period, the monthly Chinese capital level converged and the capital interest rate rose in early trading. On the 25th, the two-day pledge repo (dr112) between banks and depositors opened at 2.55% and the weighted average price on the previous day was 2.2424%; the four-day pledge repo (dr114) between banks and depositors opened at 2.55% and the weighted average price on the previous day was 2.5453%. In addition, according to market participants, in the morning of the 25th, compared with the day before yesterday, the funds of the bank were tighter, and the non-bank plus point overnight financing was quickly digested; the funds of the bank were gradually improved near the noon, and the integration demand was quickly met; in the late afternoon, there were a large number of points red
uced overnight financing.