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China's overnight Shibor interbank rate rises Monday

2019-09-30 11:19

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BEIJING, Sept. 30 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 138.6 basis points to 2.635 percent Monday.

The seven-day rate rose 15.1 basis points to 2.843 percent. The one-month rate climbed 1.1 basis points to 2.762 percent, and the one-year rate edged up 0.1 basis points to 3.048 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.
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