China's overnight Shibor interbank rate decreases Thursday

NAMPA / Xinhua

2024-11-28

BEIJING, Nov. 28 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 5.6 basis points to 1.329 percent Thursday. The seven-day rate rose 2.6 basis points to 1.726 percent, the one-month rate went down 0.5 basis points to 1.779 percent, and the one-year rate stayed flat at 1.899 percent. Shibor is a simple, no-guarantee, wholesale interest rate calculate......

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