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Agricultural Development Bank of China
Industry

China's interbank money market transactions drop in June

July 26, 2021


Abstract : China's interbank money market transactions shrank in June, with the transaction volume declining 6.6 percent year on year to stand at 97.1 trillion yuan (about 15.02 trillion U.S. dollars), according to the People's Bank of China (PBOC).

BEIJING, July 24 (Xinhua) -- China's interbank money market transactions shrank in June, with the transaction volume declining 6.6 percent year on year to stand at 97.1 trillion yuan (about 15.02 trillion U.S. dollars), according to the People's Bank of China (PBOC).

Specifically, pledged repo saw 87.2 trillion yuan in transactions last month, up 11.6 percent year on year, while the outright repo transactions reached 332.48 billion yuan, down 48 percent year on year, PBOC data showed.

The transaction volume of interbank lending reached 9.6 trillion yuan, down 21.9 percent year on year.

Last month, the monthly weighted average interest rate for interbank lending stood at 2.13 percent, 4 basis points higher compared with the previous month, according to the bank.

The monthly weighted average interest rate for pledged repos was 2.17 percent, up by 11 basis points from May, PBOC data showed. Enditem

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Keyword: banking industry financial marekt

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