China money market turnover up 115.8 pct o-y to RMB52.2 trln in July

BEIJING, Aug. 19 (Xinhua) — China’s money market turnover soared 115.8 percent year on year to 52.2 trillion yuan in July, according to a monthly financial market report released by the Chinese central bank on Wednesday.
During the first seven months, the money market turnover amounted to 251.8 trillion yuan, registering a year-on-year increase of 84.7 percent.
Interbank weighted average offered rate rose 7 basis points (bp) from the preceding month to 1.51 percent and average pledged bond repo rate gained 2 bps month on month to 1.43 percent in July. Enditem

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