The Overnight Shanghai Interbank Offered Rate (Shibor), Which Measures The Borrowing Cost Of China's Interbank Market, Decreased 21.8 Basis Points To 2.032 Percent Wednesday.

The Seven-Day Rate Went Down 20.1 Basis Points To 2.147 Percent, The One-Month Rate Rose 0.3 Basis Points To 2.292 Percent, And The One-Year Rate Went Down 0.3 Basis Points To 2.713 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.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

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