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%?”??? ????:?????????