Markets > Bonds

China's overnight Shibor interbank rate falls Wednesday

2019-08-28 11:27

Already collect

BEIJING, Aug. 28 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, fell 6.8 basis points to 2.609 percent on Wednesday.

The seven-day Shibor edged down 0.5 basis points to 2.682 percent. The one-month rate went down 0.1 basis points to 2.661 percent, while the one-year rate stayed at 3.055 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