中国人民银行三个月内两度降低政策利率,8月的中期借贷便利(MLF)利率下调15个基点,短期政策利率的七天逆回购利率也下调10个基点。
中国人民银行星期二(8月15日)发布公告称,为对冲税期高峰等因素的影响,维护银行体系流动性合理充裕,央行即日起将开展2040亿元(人民币,下同,约382.3亿新元)公开市场逆回购操作,以及4010亿元中期借贷便利操作,充分满足了金融机构需求。
公告称,一年期MLF中标利率从2.65%下调至2.5%,七天逆回购利率也从1.90%下调至1.8%。这是继6月降息后,央行再度下调中、短期政策利率。
光大银行金融市场部宏观研究员周茂华分析,7月金融数据显示实体经济融资需求偏弱,促内需稳增长压力增大,是本次超市场预期降息的原因。
周茂华说:“此次降息可以有效降低实体经济融资成本刺激消费和投资;同时,MLF利率下调,有助于带动LPR同步调降,有助于降低企业和房贷利率,有助于促进房地产复苏回暖。”
中信证券首席经济学家明明认为,本次降息说明长端利率下行空间更大,预计LPR也将等额下降15个基点。同时,MLF操作量超额对冲,加大7天逆回购操作量,有助于增加流动性供给,对冲税期和政府债发行的影响。
央行降息之际,人民币对美元汇率也延续疲软走势。据澎湃新闻报道,离岸人民币对美元汇率星期二接连跌破7.28、7.29和7.30关口,随后进一步跌破7.31关口,续创去年11月初以来的新低。人民币对美元即期汇率同样低开,开盘即跌破7.28关口。
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