The central bank conducted a total of 19.01 billion yuan worth of standing lending facility operations with financial institutions in February.

On March 3rd, the People's Bank of China revealed that in order to meet the temporary liquidity needs of financial institutions, in February 2025, the People's Bank of China conducted 19.01 billion yuan in standing lending facility operations for financial institutions, including 14.01 billion yuan for overnight period and 5 billion yuan for 7-day period. The end-of-period balance of standing lending facility was 13 billion yuan. The standing lending facility interest rate played the role of the upper limit of the interest rate corridor, which is beneficial for maintaining the stable operation of the money market interest rates. The interest rates for overnight, 7-day, and 1-month standing lending facilities are 2.35%, 2.50%, and 2.85% respectively. This article was excerpted from the official website of the People's Bank of China, edited by GMTEight: Liu Jiayin.