. Interbank Offered Rate (IBOR) and Benchmark Reform Frequently Asked Questions April 2023 These Frequently Asked Questions (FAQ) are provided for information purposes only and may not represent the views or opinions of Citigroup Inc. or its affiliates (collectively, "Citi"), employees or o...
Vicky LIN, Managing Director and Head of Trading from HSBC China Markets and Securities Services, shared the theme of investment opportunities and prospects of China's interbank market, mainly focusing on China's economic development expectations, macro-...
The overnight shibor report was 1.7700%, down 0.40 basis points; the 7-day shibor report was 1.9570%, up 5.90 basis points; the 14-day shibor report was 2.2240%, up 1.00 basis points; the January shibor report was 2.1370%, up 0.20 basis points; and the March shibor report was 2.1600%...
“History has also taught us that the exchange rate cannot be legislated into a reference rate on the market, as the market will always set its own rate,” the note read in part. “The authorities have two choices; either let the formal market determine the exchange rate using market force...
This result is due to the fact that the DebtRank dynamics becomes unstable for large values of βλ max 42, and it is derived under some assumptions: that banks do not react to changing market conditions, that the recovery rate is zero, and that no policy intervention is in place. These...
“The message from the RBZ is that ‘we don’t want irresponsibility’ from the banks, which has been taken to mean that they want a gradual weakening of the exchange rate up to a certain level,” a dealer at a local bank said. ...
The overnight shibor report was 1.7740%, up 0.20 basis points; the 7-day shibor report was 1.8980%, up 5.30 basis points; the 14-day shibor report was 2.2140%, up 7.70 basis points; the January shibor report was 2.1350%, up 0.50 basis points; and the March shibor report was 2.1590%,...