BEIJING, April 12 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 0.8 basis points to 1.792 percent Monday.
The seven-day rate edged down 0.4 basis points to 2.05 percent, the one-month rate went down 0.6 basis points to 2.51 percent, and the one-year rate edged down 0.4 basis points to 3.055 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)