BEIJING, Nov. 8 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, dipped 1.3 basis points to 1.902 percent on Friday.
The seven-day Shibor inched down 2.5 basis points to 2.57 percent. The one-month rate climbed 0.1 basis points to 2.759 percent, and the one-year rate rose 0.3 basis points to 3.093 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
Go to Forum >>0 Comment(s)