The weighted average interest rate for interbank RMB loans in the interbank market for June 2025 was 1.46%

    In the first half of 2025, the interbank RMB market recorded a total transaction volume of 97.404 trillion yuan through interbank lending, outright bond trading, and repo transactions, with an average daily volume of 8.12 trillion yuan—a 4.4% year-on-year decrease. Specifically, average daily interbank lending volume fell 24.7% year-on-year, average daily outright bond trading volume declined 2.9% year-on-year, and average daily pledged repo volume dropped 3.6% year-on-year.

    In June, the weighted average interest rate for interbank loans stood at 1.46%, down 0.09 percentage points from the previous month and 0.41 percentage points year-on-year. The weighted average interest rate for pledged repurchase agreements was 1.5%, down 0.06 percentage points month-on-month and 0.39 percentage points year-on-year.