Markets > Bonds

China's overnight Shibor interbank rate increases Monday

Xinhua News,BEIJING
2020-02-17 11:37

Already collect

BEIJING, Feb. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 16.9 basis points to 1.425 percent Monday.

The seven-day rate raised 2.8 basis points to 2.261 percent, the one-month rate went down 1.6 basis points to 2.4 percent, and the one-year rate dropped 1 basis points to 2.807 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