BEIJING, Dec. 3 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 10.1 basis points to 2.132 percent Tuesday.
The seven-day rate lost 13.5 basis points to 2.343 percent. The one-month rate edged up 0.6 basis points to 2.785 percent, and the one-year rate was flat at 3.122 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)