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PBOC Conducts RMB300B MLF & RMB1B SLF in Aug for Financial Institutions
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The People's Bank of China (PBOC) announced that it launched medium-term lending facility (MLF) operations for financial institutions in August 2024 totalling RMB300 billion, with a maturity of one year and an interest rate of 2.3%. The balance of MLFs at the end of the period was RMB7.17 trillion. Standing lending facility (SLF) operations for financial institutions in August 2024 totalled RMB1.001 billion, of which RMB1 million was for overnight SLF and RMB1 billion was for 7-day SLF. At the end of the period, the balance of the SLFs stood at zero. The interest rates for the overnight, 7-day and 1-month SLFs were 2.55%, 2.7% and 3.05% respectively. AAStocks Financial News |
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