China's money market (MM) turnover rose 151.8 from a year ago and 35 percent from October to 63.6 trillion yuan in November, according to data posted by Chinese central bank, - the People's Bank of China (PBOC) Monday.
By products, pledged bond repo turnover grew 30.7 percent month on month to 51.7 trillion yuan and outright bond repo turnover strode up 51 percent over October to 3.2 trillion yuan. Last month, interbank monthly weighted average borrowing rate was 1.9 percent, down nine basis points (bp) from October and monthly weighted average pledged bond repo rate was 1.85 percent, down also nine bps from the month prior.
In the first 11 months, China's MM turnover totaled 453.4 trillion yuan, up 92.6 percent from the same period of last year.
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