To satisfy the temporary demand of financial institutions for liquidity, the People’s Bank of China (PBOC) conducted Standing Lending Facility (SLF) operations in the amount of RMB1.001 billion in August 2024, of which overnight and 7-day operations registered RMB1 million and RMB1 billion, repsectively. The outstanding SLFs totaled RMB0 billion at end-August 2024. Serving as the ceiling of interest rate corridor, the SLF rates help keep the interest rates of the money market stable. The overnight, 7-day and 1-month SLF rates registered 2.55 percent, 2.70 percent and 3.05 percent, respectively.
Date of last update
Nov. 29 2018
