Mainland China short-term interbank rates rose across the board. The Shanghai Interbank Offered Rate (SHIBOR) overnight rate increased by 3 bps to 1.3540%.
The one-week SHIBOR rose by 1.9 bps to 1.4010%.
The one-month SHIBOR edged up by 0.2 bps to 1.3885%.
The three-month SHIBOR was unchanged at 1.4020%. (mn/da)
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Comments
Looks like the rise in SHIBOR rates is a sign that money is getting a bit tighter in China. The overnight increase isn't huge, but when all short-term rates are climbing, it might indicate some shifting conditions in the interbank market. It'll be interesting to see how this impacts lending and overall liquidity in the coming days!