To satisfy the temporary demand of financial institutions for liquidity, the People’s Bank of China (PBOC) conducted overnight Standing Lending Facility (SLF) operations in the amount of RMB422 million in October 2024. The outstanding SLFs totaled RMB400 million at end-October 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.
Date of last update
Nov. 29 2018
