The central bank launched a 1.4 trillion yuan buyout style reverse repurchase in February, and the “loose orientation, stable operation” model may continue

On March 1, the People’s Bank of China issued two announcements on the above contents on the evening of February 28. Industry insiders interpret that this indicates that a relatively stable monetary policy may become the norm, and the short-term domestic gold market may continue its “tight balance” trend. “The People’s Bank of China’s’ loose orientation and stable operation ‘model may continue.” The chief economist of CITIC Securities clearly believes that in February, the liquidity operation of the People’s Bank of China was generally stable, taking into account the exchange rate, bank interest margin and other goals, relatively shrinking in the open market operation level, and the strength of buy-out reverse repo is also less than before.