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China's overnight Shibor interbank rate declines Tuesday

BEIJING
2019-03-19 11:32

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BEIJING, March 19 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, declined 9.0 basis points to 2.666 percent Tuesday.

The seven-day Shibor increased 2.0 basis points to 2.729 percent, while the two-week rate was up 13.0 basis points to 2.991 percent.

The one-month Shibor added 2.0 basis points to 2.852 percent, the three-month rate was up 0.9 basis points to 2.823 percent, and the six-month rate edged up 0.5 basis points to 2.865 percent.

The nine-month rate increased 0.2 basis points to 2.960 percent, and the one-year rate was up 0.4 basis points to 3.086 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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