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Macro-economy

China's overnight Shibor interbank rate rises Thursday

July 18, 2019


Abstract : The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 6.1 basis points to 2.772 percent Thursday.

BEIJING, July 18 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 6.1 basis points to 2.772 percent Thursday.

The seven-day Shibor rose 1.4 basis points to 2.748 percent, while the two-week rate went up 5.7 basis points to 2.951 percent.

The one-month Shibor increased two basis points to 2.577 percent. The three-month rate edged up one basis point to 2.623 percent, and the six-month rate remained flat at 2.704 percent.

The nine-month rate remained flat at 3.018 percent, while the one-year rate rose 0.2 basis points to 3.101 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.

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Keyword: China Shibor Interbank

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