The central bank increases the injection of medium-term liquidity, experts predict that there is not much room for market interest rates to rise.

Against the backdrop of the peak of government bond issuance and cross-holiday fund demand, the central bank once again increased its medium-term liquidity injection, indicating that the monetary policy continues to maintain a supportive stance. Looking ahead to the fourth quarter, industry insiders generally believe that there is limited room for market interest rates to increase. The central bank stated that it will conduct a 600 billion yuan MLF operation on the 25th. This is the central bank's seventh consecutive month of "increased quantity and continuation" and is consistent with the scale in August. Some bond traders believe that this MLF operation also has the intention of stabilizing the market, which may help stabilize short and medium-term interest rates.