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China's overnight Shibor interbank rate increases Monday

2019-06-10 12:02

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BEIJING, June 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 32.7 basis points to 1.848 percent Monday.

The seven-day Shibor increased 3.2 basis points to 2.604 percent, while the two-week rate increased 2.6 basis points to 2.404 percent.

The one-month Shibor rose 1.2 basis points to 2.853 percent, with the three-month rate up 0.8 basis points to 2.932 percent and the six-month rate up 0.5 basis points to 2.958 percent.

The nine-month rate edged up 0.5 basis points to 3.116 percent, and the one-year rate up 0.3 basis points at 3.215 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. Enditem

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