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China's overnight Shibor interbank rate increases Tuesday

2019-04-30 11:22

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BEIJING, April 30 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 38.6 basis points to 2.086 percent Tuesday.

The seven-day Shibor decreased 0.8 basis points to 2.683 percent, while the two-week rate was down 3.5 basis points to 2.86 percent.

The one-month Shibor decreased 0.1 basis points to 2.856 percent, with the three-month rate up 0.7 basis points to 2.93 percent, and the six-month rate up 0.8 basis points to stand at 2.963 percent.

The nine-month rate gained 0.4 basis points to 3.044 percent, and the one-year rate rose 1.2 basis points to 3.159 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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