BEIJING, July 15 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 1.6 basis points to 1.211 percent Friday.
The seven-day rate decreased 3.6 basis points to 1.593 percent, the one-month rate edged down 0.1 basis points to 1.774 percent, and the one-year rate went down 0.7 basis points to 2.326 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)