BEIJING, March 4 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 45.5 basis points to 1.926 percent Thursday.
The seven-day rate rose 27.1 basis points to 2.161 percent, the one-month rate went down 2.5 basis points to 2.629 percent, and the one-year rate edged up 0.1 basis points to 3.104 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)