30????????2.5%,6?????????

????:??????:????????

???????? ??:???

??MLF??????,???????LPR????????????????

6??17?,????????(MLF)??????????,??????????????????????,?????????????,??7???10???????????????30???????????4???“????????”?????????????,??????????,30???(230023)????????????????17?????????????2.5085,??????????????0.35BP?????,??2????28???????????,30??2.5%,??MLF?????????,???????,??2.4%????????,??2.58%??,???????2.5%?

????,????????????“??????????”??,????????????,?????????,??

???

??????,???????,?????MLF???????????,?????6???????????????????????

????????,????????“???????????,?????????????,???????????,???,?2024??????????????(????????????????9?)???????,???,?????????????????,??,???????????????????”

?,?,???20?????????????????????????(LPR)?,???????????????5??????????????????LPR,??

??????????,5??2.06???,???????????????????????????2024?1~5???????,??9000?????????,?????1????????????;???????????????? 3500?;????????????????????????1???,????“??????????????”??????????????,???????????

???????????,???????????????????220BP,??????7.2????,???????????1000??,???????,??????????

?(Tommy Wu)?????,???,????7.11?????????4??????7.0950????????,?,???????????????,???????????????????,?????,?,?????

???,??????????5????????????CPI??3.4%???3.3%(???????0),???CPI??????3.6%???????3.4%,????????,??CPI?????????

?????????????????????????,6?????13????,9??56%???????????????1????,??????????????2????????,?????????25BP??????????

???????????????,???????????????????,??,????MLF??,??,LPR??????10~20BP?

????????????????

????6????17????,10????????(240004)??2.289,?????????0.6BP,4???????????2.35;30?2.5075,??????0.35BP,4????????????2.58?

?????????????????,????,?????????,?????,???????30?????????,?????????????????????????30??????????ETF?????????3???115??????????,???,????????111~112???????,?????????????

???,10?2.2%,30??????????2.5%???,?????????????????????,?????????“?????????????2.5%~3%”?“10?????2.5%~3.0%”;??“?????????????????”“????????”??????????“5%???”;??“???????????????????????,????????”????????“?????”?

????????????????????,???????????,????????????????????????????????????????????????,?????????

??????????,???5??,??

?????????, 5???????,5????????????????CPI????????????????0.3%,????,??????????,??????????????,???????5???????????????PPI????-1.4%,??-2.5%,??????????,????????????? ??????????;???????????

?,?????????????????????????,????,6???????30??????42%,??????????;???,?????,6??????????????????????????????????????????????????????????,????

??????????,??????,???????????,????????,???

?????????,???????,????????????????????????,??????????????50??????????????20??,???????????????????????????????????????,???????,????????????,?????????????,????

“????????????????????????????????????????????????,?????????????????3???????????????,????,???????????????????????????,10????2.25%~2.35%?”????????? ??????????:???