BEIJING, Nov. 7 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 1.1 basis points to 1.319 percent Thursday.

The seven-day rate rose 5.5 basis points to 1.555 percent, the one-month rate went down 0.5 basis points to 1.803 percent, and the one-year rate dropped 0.5 basis points to 1.925 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

Related

Go to Forum >>0 Comment(s)