On June 24, 2025, multiple central banks announced liquidity operations and policy measures aimed at supporting their economies. The Bank of England allocated 1.35 billion British pounds in a liquidity operation, matching banks’ bids. The People's Bank of China (PBOC) conducted open market operations, injecting a net 209.2 billion yuan, including 406.5 billion yuan via 7-day reverse repos at an interest rate of 1.4%. Additionally, the PBOC plans to conduct a 300 billion yuan one-year Medium-term Lending Facility (MLF) operation on June 25. A PBOC adviser, Huang Yiping, indicated that China’s second-quarter GDP growth is likely to exceed 5% and that there is still room for fiscal policy expansion. The PBOC also announced plans to deepen fintech development to drive digital and intelligent financial transformation and increase support for the real economy. Meanwhile, the Bank of Japan will supply US dollars against pooled collateral starting June 26 and provide 800 billion yen in securities at all offices. The Brazilian Central Bank announced two US$1 billion auctions scheduled for June 25, including spot sales and reverse swaps, signaling a reduction in its swap stock. Chinese official Wang emphasized that expanding domestic demand requires policy support and deeper reforms, including accelerating fiscal and tax reforms to shift local governments’ investment focus toward consumption.