The weighted average interest rate for interbank RMB loans in the interbank market for February 2025 was 1.95%.

    In February 2025, the interbank RMB market recorded total transactions of 123.16 trillion yuan through interbank lending, outright bond trading, and repo operations, with an average daily turnover of 6.48 trillion yuan—a 14.5% year-on-year decline. Specifically, average daily interbank lending volume fell 34.9% year-on-year, while average daily outright bond trading volume rose 5.2% year-on-year. Average daily pledged repo volume decreased 18% year-on-year.

    The weighted average interest rate for interbank loans in February 2025 stood at 1.95%, up 0.09 percentage points from the previous month and 0.1 percentage points year-on-year. The weighted average interest rate for pledged repurchase agreements was 2.00%, down 0.16 percentage points month-on-month but up 0.11 percentage points year-on-year.