The Central Bank will continue to conduct 400 billion yuan MLF. Experts: The probability of a rate cut in the short term is low.

On July 25th, Jin10 reported that Wang Qing, chief macro analyst at Dongfang Jincheng, believes that the current mid-term liquidity continues to have a net injection, mainly due to two factors: first, the issuance pace of government bonds remains fast, coupled with an accelerated pace of credit injection, requiring monetary policy to work in conjunction with fiscal policy; second, the Central Bank continues to operate with a strong intensity of quantitative tools, signaling that monetary policy remains supportive, stabilizing market expectations and providing a favorable environment for credit expansion. Looking ahead to the second half of the year, Wang Qing believes that the probability of a reserve requirement ratio cut or interest rate reduction in the short term is low, but under the general direction of "expanding domestic demand and stabilizing growth," monetary policy will continue to maintain active measures.