China's overnight Shibor interbank rate increases Friday
Source: Xinhua | 2021-01-30
The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 25.8 basis points to 3.282 percent Friday.
The seven-day rate rose 9 basis points to 3.071 percent, the one-month rate went up 12.4 basis points to 2.832 percent, and the one-year rate rose 2.7 basis points to 2.989 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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