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China's overnight Shibor interbank rate rises

Xinhua News,BEIJING
2020-05-27 13:04

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BEIJING, May 27 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 22.4 basis points to 2.104 percent Wednesday.

The seven-day rate raised 11 basis points to 2.018 percent, the one-month rate edged up 4.8 basis points to 1.39 percent, and the one-year rate increased 1.6 basis points to 1.739 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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