China's overnight Shibor interbank rate drops Wednesday

0 Comment(s)Print E-mail Xinhua, June 12, 2019
Adjust font size:

BEIJING, June 12 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 11.4 basis points to 1.939 percent Wednesday.

The seven-day Shibor dropped 2.5 basis points to 2.564 percent, while the two-week rate edged up 1.1 basis points to 2.439 percent.

The one-month Shibor went up 0.6 basis points to 2.865 percent, with the three-month rate up 0.3 basis points to 2.943 percent and the six-month rate up 0.3 basis points to 2.976 percent.

The nine-month rate edged up 0.1 basis points to 3.116 percent, and the one-year rate increased 0.4 basis points at 3.217 percent.

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. Enditem

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from