■ 刘 琪 自今年6月末中国人民银行首次推出隔夜逆回购操作以来,这一货币政策新工具的“出镜率”越来越高,操作时点从最初的月末延伸至月中税期、月初衔接等多个关键节点。这是货币政策框架向价格型加速转型、短端利率调控不断精细化的直观体现。 回顾近两个月的操作轨迹,6月末,隔夜逆回购操作首次落地。彼时恰逢半年末考核、信贷冲量、地方债加速发行三重压力叠加,隔夜逆回购的开展精准对冲跨季流动性缺口。7...
Source Link■ 刘 琪 自今年6月末中国人民银行首次推出隔夜逆回购操作以来,这一货币政策新工具的“出镜率”越来越高,操作时点从最初的月末延伸至月中税期、月初衔接等多个关键节点。这是货币政策框架向价格型加速转型、短端利率调控不断精细化的直观体现。 回顾近两个月的操作轨迹,6月末,隔夜逆回购操作首次落地。彼时恰逢半年末考核、信贷冲量、地方债加速发行三重压力叠加,隔夜逆回购的开展精准对冲跨季流动性缺口。7...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.