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China's overnight Shibor interbank rate increases Tuesday

2019-05-14 11:18

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BEIJING, May 14 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 25.63 basis points to 2.4123 percent Tuesday.

The seven-day Shibor increased 7.1 basis points to 2.65 percent, while the two-week rate was up 4.4 basis points to 2.449 percent.

The one-month Shibor went up 0.2 basis points to 2.717 percent, with the three-month rate up 0.2 basis points to 2.891 percent, and the six-month rate staying flat at 2.948 percent.

The nine-month rate stayed at 3.05 percent, and the one-year rate was up 0.1 basis points to 3.153 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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