The seven-day rate dropped 29.1 basis points to 1.924 percent, the one-month rate went down 3.6 basis points to 2.364 percent, and the one-year rate dropped 0.6 basis points to 2.66 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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