China's overnight Shibor interbank rate drops Thursday

0 Comment(s)Print E-mail Xinhua, November 21, 2019
Adjust font size:

BEIJING, Nov. 21 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, dropped 5 basis points to 1.849 percent Thursday.

The seven-day Shibor was down 7.1 basis points to 2.426 percent. The one-month rate eased 0.05 basis points to 2.795 percent, and the one-year rate inched up 0.2 basis points to 3.127 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 China.org.cnMobileRSSNewsletter