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China's overnight Shibor interbank rate decreases Wednesday

BEIJING
2019-12-25 12:31

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BEIJING, Dec. 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 17.1 basis points to 0.943 percent Wednesday.

The seven-day rate rose 9.9 basis points to 2.549 percent, the one-month rate edged up 0.25 basis points to 2.999 percent, and the one-year rate edged down 0.05 basis points to 3.114 percent.

Shibor is a simple, no-guarantee and wholesale interest rate calculated by arithmetically averaging all the interbank 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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