China's overnight Shibor interbank rate rises Thursday

0 Comment(s)Print E-mail Xinhua, August 13, 2020
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BEIJING, Aug. 13 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 1 basis point to 2.162 percent Thursday.

The seven-day rate edged down 0.9 basis points to 2.237 percent, the one-month rate was unchanged at 2.3 percent, and the one-year rate rose 0.4 basis points to 2.866 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

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