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%?”??????? ?????:????????????????