Liquidity Injection via Central Bank Monetary Policy Instruments (July 2025)
Unit: RMB100 million
Category |
Instrument |
Injection |
Withdrawal |
Net Injection |
Required Reserve |
Adjustment of Required Reserve Ratio (RRR) |
- |
- |
- |
Central Bank Loans |
Standing Lending Facility (SLF) |
14 |
17 |
-3 |
Medium-term Lending Facility (MLF) |
4,000 |
3,000 |
1,000 |
|
Pledged Supplemental Lending (PSL) |
1,163 |
3,463 |
-2,300 |
|
Other Structural Monetary Policy Instruments |
4,176 |
4,188 |
-12 |
|
Open Market Operations |
Short-term Reverse Repos |
56,667 |
54,787 |
1,880 |
Outright Reverse Repos |
14,000 |
12,000 |
2,000 |
|
Government Bond Transactions |
0 |
0 |
0 |
|
Central Treasury Cash Management |
1,000 |
1,200 |
-200 |
Note:Withdrawals and injections under Pledged Supplemental Lending (PSL) and Other Structural Monetary Policy Instruments include both maturing operations and rollovers during the month.
