share
 

China's overnight Shibor interbank rate decreases Monday

0 Comment(s)Print E-mail Xinhua, April 15, 2024
Adjust font size:

BEIJING, April 15 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, edged down 0.1 basis points to 1.716 percent Monday.

The seven-day rate dropped 2.3 basis points to 1.8 percent, the one-month rate went down 1.3 basis points to 2.01 percent, and the one-year rate dropped 2.9 basis points to 2.18 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

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter