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China's overnight Shibor interbank rate increases Thursday

2021-11-25 11:33

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BEIJING, Nov. 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 3.5 basis points to 1.823 percent Thursday.

The seven-day rate dropped 3.8 basis points to 2.231 percent, the one-month rate stayed flat at 2.353 percent, and the one-year rate remained unchanged at 2.756 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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