China's overnight Shibor interbank rate rises Friday

0 Comment(s)Print E-mail Xinhua, November 15, 2019
Adjust font size:

BEIJING, Nov. 15 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 2.7 basis points to 2.693 percent on Friday.

The seven-day Shibor edged up 5.5 basis points to 2.737 percent. The one-month rate rose 1.2 basis point to 2.788 percent, and the one-year rate inched up 0.8 basis points to 3.116 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