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一季度,市场利率波动较大,一直到3月中旬,市场流动性保持在较宽松的局面,市场利率也将至较低水平,从3月下旬开始,在季末因素的影响下,市场流动性开始紧张,市场利率又有所上升。央行在春节前进行了大量净投放,节后则没有主动投放流动性,而是在每周二、周四进行常规性正回购,持续回收流动性,从回笼资金量来看,虽然比上一季度明显增加,但与去年同期相比明显下降。
In the first quarter, market interest rates fluctuated widely until the middle of March. Market liquidity remained relatively relaxed and market interest rates were also at a relatively low level. Starting from the end of March, under the influence of quarterly factors, the market liquidity Sex began to get tense and market interest rates rose again. The central bank carried out a large number of net launches before the Spring Festival, but did not take the initiative to launch liquidation after the holiday. Instead, it routinely repurchased on Tuesdays and Thursdays to continuously recover liquidity. From the perspective of withdrawing funds, The quarter increased significantly, but compared with the same period last year decreased significantly.