China's Overnight Repo Rate (DR001) Rises 5 Bps in May to 1.28%, Trading Volume Up 18.5%

According to the People's Bank of China (PBOC), in May 2026, the overnight interbank repo rate (DR001) reached a weighted average of 1.28%, up 5 basis points month-on-month. The seven-day repo rate (DR007) stood at 1.35%, essentially flat compared to April. Interbank lending averaged 417.28 billion yuan daily, up 18.5% year-over-year, while bond repo transactions averaged 7.4 trillion yuan daily, up 8.1% year-over-year.
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