BUSINESS China's overnight Shibor interbank rate drops Monday


China's overnight Shibor interbank rate drops Monday


12:50, June 24, 2019

BEIJING, June 24 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 11.2 basis points to 1 percent Monday.


(File photo: VCG)

The seven-day Shibor fell 9 basis points to 2.326 percent, while the two-week rate was down 4.5 basis points to 2.762 percent.

The one-month Shibor declined 4.7 basis points to 2.805 percent, while the three-month rate down 3.6 basis points to 2.859 percent and the six-month rate down 3.2 basis points to 2.906 percent.

The nine-month rate edged down 1.9 basis points to 3.093 percent, and the one-year rate decreased 2 basis points to 3.170 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. 

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue