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The central bank to the five lines of SLF is equal to the overall drop in 500 billionbillion


Release:2014-09-17   Edit:Admin   From:Rising steel grating

 Late September 16 have institutions to "first financial daily" said that the central bank to inform the five line, will in the recent two days make 100 billion SLF to each, respectively, for at least 3 months. Of properties similar monetary base approximation of the drop 0.5%, short-term monetary policy easing normalized.

 
SLF means standing lending facilities, China's central bank was created in 2013. Stock lending facilities is the central bank liquidity supply channels, main function is to meet the demand of financial institutions period longer large liquidity.
 
SLF object mainly for policy Banks and national commercial Banks. Deadline for 1 to 3 months. Interest rates according to the monetary policy regulation, guide the needs of the market interest rates determined comprehensively. Out standing lending facility to mortgages, eligible collateral including high bond credit rating。
SLF object mainly for policy Banks and national commercial Banks. Deadline for 1 to 3 months. Interest rates according to the monetary policy regulation, guide the needs of the market interest rates determined comprehensively. Out standing lending facility to mortgages, eligible collateral including high credit rating bond asset class and quality of credit assets, etc.
 
"SLF is mainly used for smooth short-term liquidity, the nodes on the likely." Guosen securities chief researcher at macro Zhong Zhengsheng on "first financial daily" said that the move is intended to encourage commercial Banks to lend. For a long time, commercial Banks complained about the deposit reserve rate is high, the lending capacity constrained; Central Banks think money market interest rate is not high, commercial Banks too care about self-interest, and regardless of support entities.