Liquidity Injection via Central Bank Monetary Policy Instruments (August 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) |
16 |
14 |
2 |
Medium-term Lending Facility (MLF) |
6,000 |
3,000 |
3,000 |
|
Pledged Supplemental Lending (PSL) |
4 |
1,612 |
-1,608 |
|
Other Structural Monetary Policy Instruments |
5,072 |
4,067 |
1,005 |
|
Open Market Operations |
Short-term Reverse Repos |
63,146 |
63,680 |
-534 |
Outright Reverse Repos |
12,000 |
9,000 |
3,000 |
|
Government Bond Transactions |
0 |
0 |
0 |
|
Central Treasury Cash Management |
1,200 |
2,200 |
-1,000 |
Note:Withdrawals and injections under Pledged Supplemental Lending (PSL) and Other Structural Monetary Policy Instruments include both maturing operations and rollovers during the month.
