The release of around 30 gigalitres each day from Hume Dam, combined with inflows from the Kiewa River, resulted in the river level at Albury reaching around 3.9 metres in early September.

This daily release compared to 75 gigalitres per day during the most recent historic flood event in 2016, and 170 gigalitres per day during the 1975 flood.

MDBA acting chief executive Andrew Reynolds said the Murray River peak was below the minor flood level at Albury, of 4.3 metres, and noted minor flooding had occurred at Corowa last week.

"Hume Dam releases were close to three gigalitres per day less than inflows during the peak of the event," he said.

"This also means the peak flows downstream were reduced by close to three gigalitres per day during the event."

The MDBA has been hosting weekly Hume Dam operations updates for stakeholders, with nine briefings held since August.

Mr Reynolds said the MDBA had stepped back releases to around 13 gigalitres per day, just below inflows.

"River operators will closely watch the forecast rain and inflows and adjust releases accordingly," he said.

"There is currently around 86 gigalitres of airspace at Hume Dam, which will assist in mitigating downstream flows over the next week in the event of higher rainfall and inflows.

"With downstream water demands increasing, the MDBA needs to start steering the storage towards full to maximise the volume of water available for water users.

"As the storage fills, there is less potential to mitigate higher-flow events.

"October is one of the highest inflow months of the year.

"If we do get a large rainfall event and significant runoff is generated, there is a significant risk of flooding both upstream and downstream of Hume Dam."

Hume Dam, at 98 per cent capacity, is being closely managed.