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%?”??? ???:?????