The People's Bank of China: In March 2024, the People's Bank of China carried out standing loan facilitation operations on financial institutions, totaling 3.42 billion yuan
2024-04-01 08:28:42
On April 1st, it was reported that the People's Bank of China carried out standing loan facilitation operations in March 2024. In order to meet the temporary liquidity needs of financial institutions, the People's Bank of China conducted standing loan facilitation operations on financial institutions in March 2024, totaling 3.42 billion yuan, including 1.67 billion yuan for overnight periods and 1.75 billion yuan for 7-day periods. The year-end standing loan facility balance is 3.4 billion yuan. The convenience interest rate of regular borrowing and lending has played a role as the upper limit of the interest rate corridor, which is conducive to maintaining the stable operation of the money market interest rate. The convenient interest rates for overnight, 7-day, and 1-month standing loans are 2.65%, 2.80%, and 3.15%, respectively.
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