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China's overnight Shibor interbank rate increases Monday

2019-11-25 11:12

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BEIJING, Nov. 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 28.6 basis points to 2.2340 percent Monday.

The seven-day rate rose 6.0 basis points to 2.5960 percent, The one-month rate edged down 0.5 basis points to 2.7875 percent, and the one-year rate fell 0.2 basis points to 3.1190 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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