Core Insights - The People's Bank of China reported that the weighted average interest rate for interbank lending in July was 1.45%, which is lower by 0.01 percentage points compared to the previous month and 0.36 percentage points year-on-year [1] Group 1: Market Activity - In July, the total transaction volume in the interbank RMB market, including lending, cash transactions, and repurchase agreements, reached 222.44 trillion yuan, with an average daily transaction of 9.67 trillion yuan, reflecting a year-on-year increase of 14.8% [1] - The average daily transaction volume for interbank lending increased by 3.1% year-on-year, while cash transactions rose by 2.8%, and pledged repos saw a significant increase of 18.6% year-on-year [1] Group 2: Interest Rates - The weighted average interest rate for pledged repos in July was 1.46%, which is lower by 0.04 percentage points compared to the previous month and 0.36 percentage points year-on-year [1]
央行：7月份银行间人民币市场同业拆借月加权平均利率为1.45%
Zheng Quan Shi Bao Wang·2025-08-13 09:29