Markets > Bonds

China's overnight Shibor interbank rate drops Tuesday

BEIJING
2019-08-20 11:24

Already collect

BEIJING, Aug. 20 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, fell 2.4 basis points to 2.642 percent Tuesday.

The seven-day Shibor edged down 0.8 basis points to 2.664 percent. The one-month rate remained unchanged at 2.656 percent, while the one-year rate shrank 0.6 basis points to 3.068 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