PBOC Launched 60 Million Yuan of SLF for Financial Institutions in August

SHANGHAI, Sep 1 (SMM) - People’s Bank of China (PBOC) released the data of standing lending facilities (SLF) in August. In order to meet the temporary liquidity needs of financial institutions, PBOC launched a total of 60 million yuan in SLF for financial institutions in August, all with overnight interest rate.

The interest rate of SLF is the upper limit of the interest rate corridor, which is conducive to maintaining the stable interest rates in the money market. The SLF interest rates for overnight, 7 days, and one month are 3.05%, 3.2%, and 3.55% respectively.

The SLF balance at the end of August was 0 yuan.