BEIJING, June 24 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased by 43.1 basis points to 1.54 percent Wednesday.
The seven-day rate gained 2.3 basis points at 2.173 percent, the one-month rate went up 1.8 basis points to 2.098 percent, and the one-year rate rose by 1.9 basis points to 2.344 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)