BEIJING, Sept. 13 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 12.1 basis points to 1.656 percent Friday.
The seven-day rate rose 1.2 basis points to 1.806 percent, the one-month rate remained flat at 1.83 percent, and the one-year rate stayed flat at 1.96 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)