您当前的位置 : 东北网  >  English  >  Most Popular

China's overnight Shibor interbank rate decreases Thursday

//english.dbw.cn  Author:  Source:xinhua  Editor:Yang Fan  2020-02-14 09:35:48

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 7.8 basis points to 1.443 percent Thursday.

The seven-day rate rose 3.8 basis points to 2.324 percent. The one-month rate went down 4.1 basis points to 2.454 percent, and the one-year rate dropped 1.1 basis points to 2.834 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.