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                          China's overnight Shibor interbank rate decreases Thursday

                          //www.wr323e2e2.cn  Author:  Source:xinhua  Editor:Yang Fan  2020-02-14 09:35:48

                          The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 7.8 basis points to 1.443 percent Thursday.

                          The seven-day rate rose 3.8 basis points to 2.324 percent. The one-month rate went down 4.1 basis points to 2.454 percent, and the one-year rate dropped 1.1 basis points to 2.834 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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