China's overnight Shibor interbank rate rises Wednesday

Source: Xinhua| 2019-07-10 11:55:25|Editor: huaxia
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BEIJING, July 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 4.1 basis points to 1.814 percent Wednesday.

The seven-day Shibor rose 0.3 basis points to 2.54 percent, while the two-week rate went down 2.6 basis points to 2.35 percent.

The one-month Shibor increased 0.2 basis points to 2.486 percent. The three-month rate edged down 0.1 basis points to 2.6 percent and the six-month rate dropped 0.2 basis points to 2.7 percent.

The nine-month rate went down 0.2 basis points to 3.017 percent, while the one-year rate rose 0.2 basis points to 3.089 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