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China’s interbank money market transactions shrink in April

Abstract : China's interbank money market transactions shrank in April, with the transaction volume declining 22.19 percent year on year to stand at 95.5 trillion yuan (about 14.9 trillion U.S. dollars), according to the People's Bank of China (PBOC).

BEIJING, May 29 (Xinhua) — China’s interbank money market transactions shrank in April, with the transaction volume declining 22.19 percent year on year to stand at 95.5 trillion yuan (about 14.9 trillion U.S. dollars), according to the People’s Bank of China (PBOC).

Specifically, pledged repo saw 85 trillion yuan in transactions last month, down 17.32 percent year on year, while the outright repo transactions reached 0.3 trillion yuan, down 60.57 percent year on year, PBOC data showed.

The transaction volume of interbank lending reached 10.1 trillion yuan, down 46.73 percent year on year.

Last month, the monthly weighted average interest rate for interbank lending stood at 2.01 percent, remaining unchanged compared with the previous month, according to the bank.

The monthly weighted average interest rate for pledged repos was 1.96 percent, down by 5 basis points from March, PBOC data showed. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s interbank money market transactions shrink in April

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