Markets > Bonds

China's overnight Shibor interbank rate drops Tuesday

2019-10-29 11:21

Already collect

BEIJING, Oct. 29 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, fell 11 basis points to 2.368 percent on Tuesday.

The seven-day Shibor edged down 0.1 basis points to 2.67 percent. The one-month rate was flat at 2.773 percent, and the one-year rate rose 0.4 basis points to 3.067 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