BEIJING, June 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 2.3 basis points to 1.023 percent Tuesday.

The seven-day Shibor increased 14 basis points to 2.466 percent, while the two-week rate went down 5.1 basis points to 2.711 percent.

The one-month Shibor decreased 4.5 basis points to 2.76 percent, while the three-month rate went down 5 basis points to 2.809 percent and the six-month rate dropped 2.8 basis points to 2.878 percent.

The nine-month rate edged down 1.8 basis points to 3.075 percent, and the one-year rate dropped 3.2 basis points to 3.138 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

Related

Go to Forum >>0 Comment(s)