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China's overnight Shibor interbank rate decreases Friday

Xinhua News,BEIJING
2020-03-20 12:38

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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 5.1 basis points to 0.795 percent Friday.

The seven-day rate gained 5.2 basis points to 1.945 percent, the one-month rate went down 1.5 basis points to 1.993 percent, and the one-year rate fell 1.3 basis points to 2.438 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.
 
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