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China's overnight Shibor interbank rate increases Thursday

2019-04-11 11:50

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BEIJING, April 11 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 45.7 basis points to 2.735 percent Thursday.

The seven-day Shibor rose 0.3 basis points to 2.657 percent, while the two-week rate was up 21.3 basis points to 2.779 percent.

The one-month Shibor increased 1.4 basis points to 2.669 percent, with the three-month rate up 0.5 basis points to 2.76 percent, and the six-month rate up 0.5 basis points to stand at 2.838 percent.

The nine-month rate went up 0.9 basis points to 2.923 percent, and the one-year rate was up 0.7 basis points to 3.06 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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