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 RMB11.755 billion in December 2024, of which overnight operations registered RMB1.605 billion, 7-day operations RMB10.150 billion. The outstanding SLFs totaled RMB11.7 billion at end-December 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
