Industries > Finance

China's overnight Shibor interbank rate decreases Friday

Xinhua News,BEIJING
2020-09-25 12:08

Already collect

BEIJING, Sept. 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 31.1 basis points to 1.113 percent Friday.

The seven-day rate dropped 10.4 basis points to 2.044 percent, the one-month rate went up 1.3 basis points to 2.655 percent, and the one-year rate edged up 0.1 basis points to 3.009 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.
Add comments

Latest comments

Latest News
News Most Viewed