BEIJING, Aug. 14 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 1.3 basis points to 2.175 percent Friday.

The seven-day rate edged down 1.5 basis points to 2.222 percent, the one-month rate went up 0.6 basis points at 2.306 percent, and the one-year rate rose 0.6 basis points to 2.872 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

Related

Go to Forum >>0 Comment(s)