For the real economy, the most important information released by the reverse repurchase operation carried out by the central bank needs to be prepared in advance. Because of this, high reverse repurchase operations will have some impact on the real economy, especially in terms of capital flow. Therefore, the real economy should prepare certain funds in advance to deal with the interest rate and liquidity problems changed due to reverse repurchase operations.
On the other hand, the information is that the deposit reserve ratio can be adjusted. The basic meaning of reverse repurchase is the epitome of calculating the decline of deposit reserve ratio. According to the economic situation of China, it is very necessary to support liquidity, especially in many countries in the world. Therefore, in order to solve the economic problems, China must cut interest rates or choose reverse repurchase to maintain the market capital cost and maintain the supply of liquidity.
Therefore, the more important information in this regard is to gradually guide the short-term market interest rate to return to the policy interest rate, on the other hand, adjust the market trading behavior, achieve the expected trading volume under the affected conditions, and reduce the economic pressure under the condition of little difference in economic cycles. Generally speaking, the central bank can influence the real economy in terms of interest rates in the securities and credit markets through such operations. That is to say, the signal released by this behavior requires the real economy to make special preparations, especially in regulating the market and liquidity, which requires the real economy to have higher capital preparation, especially to increase funds to maintain liquidity.