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China's overnight Shibor interbank rate rises Monday

BEIJING
2019-12-09 14:21

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BEIJING, Dec. 9 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, gained 27.2 basis points to 2.345 percent Monday.

The seven-day rate rose 2.4 basis points to 2.506 percent. The one-month rate edged up 1.1 basis points to 2.841 percent, and the one-year rate gained 0.2 basis points to 3.123 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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