Core Viewpoint - The People's Bank of China reported on the financial market operations for November 2025, highlighting significant changes in interbank lending and bond repurchase transactions, indicating a mixed trend in market activity [1] Group 1: Interbank Market - The interbank lending market recorded a transaction volume of 7.4 trillion yuan, which represents a year-on-year decrease of 17.3% but a month-on-month increase of 9.6% [1] - The weighted average interest rate for interbank lending was 1.42%, showing a month-on-month increase of 2.5 basis points [1] Group 2: Bond Repurchase Market - The bond repurchase transactions totaled 149.8 trillion yuan, reflecting a year-on-year decrease of 6.8% but a month-on-month increase of 13.9% [1] - The standard bond repurchase transactions on exchanges amounted to 53.7 trillion yuan, which is a year-on-year increase of 12.3% and a month-on-month increase of 15.4% [1] - The weighted average interest rate for pledged repos was 1.44%, with a month-on-month increase of 3.2 basis points [1]
央行：11月份银行间同业拆借市场成交7.4万亿元 同比减少17.3%
Zheng Quan Shi Bao Wang·2025-12-31 09:59