Central Bank: The average daily transaction volume of interbank lending in April 2026 was 4614.8 billion yuan, an increase of 46.0% year-on-year.

In April 2026, the average daily transaction volume of interbank lending was 4.6148 trillion yuan, an increase of 46.0% year-on-year; the average daily transaction volume of bond repurchase in the interbank market was 8.4 trillion yuan, an increase of 36.2% year-on-year. By the end of April, the outstanding balance of interbank lending was 1.1 trillion yuan, and the outstanding balance of bond repurchase in the interbank market was 10.5 trillion yuan. In April 2026, the weighted average overnight pledged repo rate for interbank deposit-type financial institutions was 1.23%, a decrease of 8 basis points month-on-month; the weighted average rate for DR007 was 1.35%, a decrease of 9 basis points month-on-month; the weighted average rate for overnight pledged repo in the interbank market was 1.30%, a decrease of 9 basis points month-on-month. In April 2026, the average daily spread between DR001 and the central bank's open market 7-day reverse repo operation rate was -17 basis points, and the average daily spread between R001 and DR001 was 7 basis points.