China's money market turnover grew 98.5 percent from a year earlier but shrank 13.5 percent over July to 45.1 trillion yuan in August, showed data from the People's Bank of China (PBOC), the central bank Wednesday.
According to PBOC, pledged bond repo turnover fell 13.7 percent from July to 37.2 trillion yuan and outright repo turnover was 1.9 trillion yuan, down 20.2 percent from July.
Interbank borrowing turnover slid 9.8 percent over July to 6.0 trillion yuan in August.
By the end of August, 1-month interbank weighted average offered rate was 1.79 percent, up 28 basis points (bp) from July and 1-month weighted pledged bond repo rate climbed 36 bps from July to 1.79 percent.
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