The weighted average interest rate for interbank RMB loans in the interbank market for May 2025 was 1.55%.

    In May 2025, the interbank RMB market recorded a total transaction volume of 167.2 trillion yuan through interbank lending, outright bond trading, and repo transactions, with an average daily volume of 8.8 trillion yuan. The average daily transaction volume increased by 14.9% year-on-year. Specifically, the average daily interbank lending volume decreased by 8.6% year-on-year, the average daily outright bond trading volume increased by 5% year-on-year, and the average daily pledged repo volume increased by 19.1% year-on-year.

    The weighted average interest rate for interbank loans in May stood at 1.55%, down 0.18 percentage points from the previous month and 0.3 percentage points year-on-year. The weighted average interest rate for pledged repurchase agreements was 1.56%, down 0.16 percentage points month-on-month and 0.26 percentage points year-on-year.