Central bank: 1.364 billion yuan of standing lending facility for financial institutions in March

2022-04-26 0 By

In Order to meet the temporary liquidity needs of financial institutions, in March 2022, the People’s Bank of China launched a standing lending facility for financial institutions totaling 1.364 billion yuan, all of which were overnight.The interest rate of the standing lending facility plays the role of the upper limit of the interest rate corridor and is conducive to maintaining the smooth operation of money market interest rates. The overnight, 7-day and 1-month standing lending facility rates are 2.95%, 3.10% and 3.45% respectively.The standing loan facility balance at the end was 1.26 billion yuan.