The seven-day Shibor decreased 5 basis points to 2.735 percent, while the two-week rate was down 1.5 basis points to 3.012 percent. The one-month Shibor increased 0.8 basis points to 2.859 percent, with the three-month rate up 1.6 basis points to 2.896 percent, and the six-month rate up 1.5 basis points to stand at 2.932 percent. The nine-month rate went up 1.1 basis points to 3.016 percent, and the one-year rate was up 1 basis point to 3.129 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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