Gate.io 7 July news, Chief Economist of CITIC Securities, Mingming, said that the way the central bank carries out national debt borrowing operations and even sells national debt has been further clarified. The central bank adopts a credit-based borrowing method, which means that the central bank will not provide collateral to banks lending national debt, and the process of borrowing securities will not realize liquidity injection. In addition, the central bank has indicated that it will adopt an indefinite term borrowing method, which means that the central bank's control of the yield curve will not be limited to a specific term variety. Compared to preventing the long-term yield from being too low, the central bank's intention may be to fully control a upward sloping yield curve.
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CITIC Securities: Merkez Bankası'nın "borçlanma" ayrıntıları daha da netleşti
Gate.io 7 July news, Chief Economist of CITIC Securities, Mingming, said that the way the central bank carries out national debt borrowing operations and even sells national debt has been further clarified. The central bank adopts a credit-based borrowing method, which means that the central bank will not provide collateral to banks lending national debt, and the process of borrowing securities will not realize liquidity injection. In addition, the central bank has indicated that it will adopt an indefinite term borrowing method, which means that the central bank's control of the yield curve will not be limited to a specific term variety. Compared to preventing the long-term yield from being too low, the central bank's intention may be to fully control a upward sloping yield curve.