证券时报:隔夜逆回购提频 短端利率管理更精准

智通财经
Aug 14
【证券时报:隔夜逆回购提频 短端利率管理更精准】本周二、周三,公开市场7天期逆回购连续两日“零操作”,一度让市场猜测央行此举是否有意通过边际收紧短端流动性投放,调控债市收益率下行节奏。然而,周三傍晚央行预告,未来将有4天开展隔夜逆回购操作,单日操作上限6000亿元。消息甫出,市场情绪提振,债市再度走强。从实际作用看,不同于前两个月在月末时点操作,此番增加月中操作,可以精准对冲8月中旬税期、缴准、政府债发行等叠加的资金扰动,保障资金面充裕有序;且公告中未提前明确具体操作规模,只提及操作上限,恰好契合弹性缴税日期对银行体系流动性影响的不确定性,保留货币政策操作的灵活适度。

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