The central bank conducted a 20.5 billion yuan 7-day reverse repurchase agreement, institutions: the probability of liquidity tightening is limited! Short-term adjustments by banks do not change the value of allocation

On March 18, 2026, the People's Bank of China conducted a 20.5 billion yuan 7-day reverse repurchase operation, achieving a net withdrawal of 6 billion yuan today. Huafu Securities believes that the probability of the central bank tightening liquidity in the short term is limited, and the DR001 interest rate will remain in the range of 1.3% to 1.35%. China Galaxy pointed out that proactive fiscal policies and a stable interest margin orientation will support performance, making the banking sector allocation window worth paying attention to. The CSI Bank Index fell by 0.71%, and market analysis suggests that considering buying on dips after a short-term adjustment is worthwhile