China's overnight Shibor interbank rate increases Monday

0 Comment(s)Print E-mail Xinhua, November 20, 2023
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BEIJING, Nov. 20 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 1.48 basis points to 1.897 percent Monday.

The seven-day rate edged down 0.02 basis points to 1.962 percent, the one-month rate went down 0.7 basis points to 2.223 percent, and the one-year rate edged down 0.12 basis points to 2.561 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

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