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China's overnight Shibor interbank rate decreases Monday

BEIJING
2019-04-22 11:25

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BEIJING, April 22 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 10.4 basis points to 2.557 percent Monday.

The seven-day Shibor dropped 3.8 basis points to 2.654 percent, while the two-week rate was up 1.4 basis points to 2.896 percent.

The one-month Shibor increased 0.1 basis points to 2.791 percent, with the three-month rate up 0.5 basis points to 2.822 percent, and the six-month rate up 0.3 basis points to stand at 2.872 percent.

The nine-month rate went up 0.5 basis points to 2.974 percent, and the one-year rate was up 0.6 basis points to 3.101 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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