China's overnight Shibor interbank rate rises Tuesday
Source: Xinhua | 2021-12-01
The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 31.3 basis points to 2.173 percent Tuesday.
The seven-day rate gained 5.8 basis points to 2.297 percent, the one-month rate went up 0.3 basis points to 2.356 percent, and the one-year rate edged up 0.1 basis points to 2.753 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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