China's overnight Shibor interbank rate up Wednesday

0 Comment(s)Print E-mail Xinhua, July 01, 2020
Adjust font size:

BEIJING, July 1 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 18.2 basis points to 1.967 percent Wednesday.

The seven-day rate dropped 13.3 basis points to 2.095 percent, the one-month rate went down 1.2 basis points to 2.071 percent, and the one-year rate edged up 0.3 basis points to 2.361 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