PBOC raised SLF interest rates in March

In its lending report for the month of March, the People’s Bank of China (PBOC) confirmed that they raised the rates on Standard Lending Facility (SLF) short-term loans by 5bps on March, 22^nd, the day they raised another key rate.

Key Details:

Overnight loans were raised to 3.4%, 7-day to 3.55% and 1 month to 3.9%.

PBOC lent 32.24bln Yuan 1mth and 21.72bln Yuan 7 day period.

Outstanding SLF end-March 48.21bln Yuan vs 21.34bln end-Feb.

PBOC raised a total of 54.06bln Yuan via SLF.