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2月,春节的来临造成大量现金出库,加之春节前期平安保险IPO,网上网下申购共冻结资金1.1万亿元。短期内资金快速的分流导致市场资金趋紧,机构恐慌心态明显,因此,资金拆放利率出现大幅上升。春节结束后,股票解冻资金与回流现金充实市场资金,尽管央行再度上调准备金率0.5%,充裕的资金面使市场心态平和,回购利率缓步下行。
February, the advent of the Spring Festival caused a lot of cash out of the library, combined with the pre-Spring Insurance Ping IPO, online and offline purchase a total of 1.1 trillion yuan of funds frozen. Short-term rapid diversion of funds led to tightening of market funds, institutional panic mentality, therefore, the interest rate of funds increased significantly. After the Spring Festival, the stock thaw funds and reflow cash to enrich the market capitalization, despite the central bank once again raised the reserve ratio by 0.5%, ample capital to flatten the market outlook, repo rates slow down.