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 RMB2.855 billion in September 2024, of which overnight operations registered RMB1.355 billion, 7-day operations RMB400 million, 1-month operations RMB 1.1 billion. The outstanding SLFs totaled RMB2.8 billion at end-September 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 at 2.35 percent, 2.50 percent and 2.85 percent, respectively, all down 20 basis points from the previous month.
Date of last update
Nov. 29 2018
