BEIJING, June 19 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 15.4 basis points to 1.447 percent on Wednesday.
The seven-day Shibor fell 1.3 basis points to 2.386 percent, while the two-week rate was up 6.5 basis points to 2.787 percent.
The one-month Shibor edged down 0.6 basis points to 2.891 percent, with the three-month rate down 1.4 basis points to 2.929 percent and the six-month rate down 1.3 basis points to 2.967 percent.
The nine-month rate remained unchanged at 3.122 percent, and the one-year rate decreased 1.3 basis points to 3.218 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
Latest comments