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 RMB17.105 billion in January 2025, of which overnight operations registered RMB11.335 billion, 7-day operations RMB1.77 billion, and 1-month operations RMB4 billion. The outstanding SLFs totaled RMB4.61 billion at end-January 2025. 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
