Liquidity Injection via Central Bank Monetary Policy Instruments (May 2025)
Unit: RMB100 million
Category |
Instrument |
Injection |
Withdrawal |
Net Injection |
Required Reserve |
Adjustment of Required Reserve Ratio (RRR) |
10,000 |
– |
10,000 |
Central Bank Loans |
Standing Lending Facility (SLF) |
14 |
9 |
5 |
Medium-term Lending Facility (MLF) |
5,000 |
1,250 |
3,750 |
|
Pledged Supplemental Lending (PSL) |
5,344 |
8,044 |
-2,700 |
|
Other Structural Monetary Policy Instruments |
4,568 |
4,675 |
-107 |
|
Open Market Operations |
Short-term Reverse Repos |
38,707 |
38,859 |
-152 |
Outright Reverse Repos |
7,000 |
9,000 |
-2,000 |
|
Government Bond Transactions |
0 |
0 |
0 |
|
Central Treasury Cash Management |
2,400 |
0 |
2,400 |
Note:Withdrawals and injections under Pledged Supplemental Lending (PSL) and Other Structural Monetary Policy Instruments include both maturing operations and rollovers during the month.
