BEIJING, Nov. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 22.9 basis points to 2.152 percent Wednesday.
The seven-day rate rose 8.6 basis points to 2.182 percent, the one-month rate went down 0.7 basis points to 2.349 percent, and the one-year rate edged down 0.3 basis points to 2.759 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)