{"id":42364,"date":"2022-04-06T14:00:34","date_gmt":"2022-04-06T09:00:34","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=42364"},"modified":"2022-04-06T12:51:58","modified_gmt":"2022-04-06T07:51:58","slug":"chinas-overnight-shibor-interbank-rate-increases-wednesday","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/chinas-overnight-shibor-interbank-rate-increases-wednesday\/","title":{"rendered":"China’s overnight Shibor interbank rate increases Wednesday"},"content":{"rendered":"

BEIJING, April 6 (Xinhua\/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 54 basis points to 1.848 percent Wednesday.<\/p>\n

The seven-day rate raised 16.7 basis points to 2.004 percent, the one-month rate edged down 0.1 basis points to 2.305 percent, and the one-year rate edged down 0.1 basis points to 2.605 percent.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING, April 6 (Xinhua\/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 54 basis points to 1.848 percent Wednesday. The seven-day rate raised 16.7 basis points to 2.004 percent, the one-month rate edged down 0.1 basis […]<\/p>\n

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