China's interbank money market transactions rise in April
Source: Xinhua | 2022-04-27
China's interbank money market transactions climbed 17 percent year on year in March to hit 118 trillion yuan (17.99 trillion U.S. dollars), data from the People's Bank of China shows.
Specifically, pledged repo saw 106.8 trillion yuan in transactions last month, up 20.9 percent year on year, and outright repo transactions reached 557.58 billion yuan, rising 14.4 percent year on year, according to the bank.
The interbank lending transaction volume came in at 10.6 trillion yuan, down 11.4 percent year on year.
In March, the monthly weighted average interest rate for interbank lending was 2.07 percent, up 1 basis point from the previous month.
The monthly weighted average interest rate for pledged repos was 2.08 percent, rising 2 basis points from February, the data shows.
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