BEIJING, Sept. 11 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 18.2 basis points to 1.773 percent Wednesday.
The seven-day rate dropped 5.8 basis points to 1.776 percent, the one-month rate edged up 0.2 basis points to 1.834 percent, and the one-year rate stayed flat at 1.962 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. Enditem
Go to Forum >>0 Comment(s)