8月份，同业拆借加权平均利率1.40%，环比下降5个基点；质押式回购加权平均利率1.41%，环比下降5 个基点。 北京商报讯(记者岳品瑜董晗萱)9月30日，人民银行公布2025年8月份金融市场运行情况。8月份，银行 间同业拆借市场成交8.8万亿元，同比减少3.1%，环比减少10.4%；债券回购成交160.8万亿元，同比增 加11.8%，环比减少8.28%。交易所标准券回购成交52.9万亿元，同比增加18.3%，环比减少7.9%。 ...

9月30日，央行公布2025年8月份金融市场运行情况。其中，8月份，银行间同业拆借市场成交8.8万亿 元，同比减少3.1%，环比减少10.4%；债券回购成交160.8万亿元，同比增加11.8%，环比减少8.28%。 交易所标准券回购成交52.9万亿元，同比增加18.3%，环比减少7.9%。8月份，同业拆借加权平均利率 1.40%，环比下降5个基点；质押式回购加权平均利率1.41%，环比下降5个基点。 ...

Core Insights - The People's Bank of China released the financial market operation data for July 2025, indicating a positive trend in interbank lending and bond repurchase transactions [1] Interbank Lending Market - In July, the interbank lending market recorded a transaction volume of 9.8 trillion yuan, representing a year-on-year increase of 3.1% and a month-on-month increase of 16.6% [1] - The weighted average interest rate for interbank lending was 1.45%, showing a slight decrease of 1 basis point month-on-month [1] Bond Repurchase Market - The bond repurchase transactions totaled 175.3 trillion yuan in July, which is an 18.5% increase year-on-year and a 12.2% increase month-on-month [1] - Standard bond repurchase transactions on exchanges reached 57.4 trillion yuan, reflecting a year-on-year growth of 21.1% and a month-on-month increase of 13.5% [1] - The weighted average interest rate for pledged repos was 1.46%, down by 4 basis points from the previous month [1]

Core Insights - The central viewpoint of the article highlights the performance of the financial market in July 2025, as reported by the central bank, indicating growth in interbank lending and bond repurchase transactions. Group 1: Interbank Market - In July, the interbank lending market recorded a transaction volume of 9.8 trillion yuan, representing a year-on-year increase of 3.1% and a month-on-month increase of 16.6% [1] - The weighted average interest rate for interbank lending was 1.45%, showing a decrease of 1 basis point month-on-month [1] Group 2: Bond Repurchase Market - The bond repurchase transactions totaled 175.3 trillion yuan in July, which is an 18.5% increase year-on-year and a 12.2% increase month-on-month [1] - The standard bond repurchase transactions on exchanges reached 57.4 trillion yuan, reflecting a year-on-year growth of 21.1% and a month-on-month increase of 13.5% [1] - The weighted average interest rate for pledged repos was 1.46%, which decreased by 4 basis points month-on-month [1]

Group 1 - The central bank released the financial market operation report for June 2025, indicating significant growth in interbank lending and bond repurchase transactions [1] - In June, the interbank lending market recorded a transaction volume of 8.4 trillion yuan, representing a year-on-year increase of 11.2% and a month-on-month increase of 26% [1] - The bond repurchase transactions totaled 156.3 trillion yuan, showing a year-on-year increase of 32.7% and a month-on-month increase of 20.4% [1] Group 2 - The standard bond repurchase transactions on exchanges reached 50.6 trillion yuan, with a year-on-year increase of 32.2% and a month-on-month increase of 4.1% [1] - The weighted average interest rate for interbank lending was 1.46%, which decreased by 9 basis points month-on-month [1] - The weighted average interest rate for pledged repos was 1.50%, reflecting a month-on-month decrease of 6 basis points [1]

Group 1 - The central bank reported that in May 2025, the interbank lending market transactions amounted to 6.7 trillion yuan, representing a year-on-year decrease of 17.3% and a month-on-month decrease of 3.8% [1] - Bond repurchase transactions reached 129.8 trillion yuan in May, showing a year-on-year increase of 7.8% but a month-on-month decrease of 4.7% [1] - Standard bond repurchase transactions on exchanges totaled 48.6 trillion yuan, which is a year-on-year increase of 24.7% and a month-on-month decrease of 8.0% [1] Group 2 - The weighted average interest rate for interbank lending in May was 1.55%, which is a decrease of 18 basis points month-on-month [1] - The weighted average interest rate for pledged repos was 1.56%, reflecting a month-on-month decrease of 16 basis points [1]