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 RMB764 million in November 2024, of which overnight operations registered RMB754 million, 7-day operations RMB10 million. The outstanding SLFs totaled RMB600 million at end-November 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
