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China's overnight Shibor interbank rate up Monday

2022-01-10 11:34

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BEIJING, Jan. 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, gained 3.9 basis points to 1.878 percent Monday.

The seven-day rate went down 1 basis point to 2.093 percent, the one-month rate fell 0.1 basis point to 2.429 percent, and the one-year rate dropped 0.3 basis points to 2.726 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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