Markets > Bonds

China's overnight Shibor interbank rate rises Monday

BEIJING
2019-07-15 11:25

Already collect

BEIJING, July 15 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 38.25 basis points to 2.6175 percent Monday.

The seven-day Shibor rose 11 basis points to 2.669 percent, while the two-week rate went up 26 basis points to 2.638 percent.

The one-month Shibor increased 1.1 basis points to 2.498 percent, while the three-month rate remained flat at 2.6 percent and the six-month rate remained flat at 2.7 percent. The nine-month rate edged up 0.3 basis points to 3.018 percent, while the one-year rate rose 0.2 basis points to 3.093 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.
Add comments

Latest comments

Latest News
News Most Viewed