Markets > Bonds

China's overnight Shibor interbank rate increases Wednesday

Xinhua News,BEIJING
2020-06-10 12:26

Already collect

BEIJING, June 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 1.6 basis points to 1.849 percent Wednesday.

The seven-day rate gained 3.3 basis points to 1.98 percent, the one-month rate went up 5 basis points to 1.791 percent, and the one-year rate went up 4.6 basis points to 2.053 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