The seven-day Shibor fell 7.4 basis points to 2.491 percent, while the two-week rate was up 21.5 basis points to 2.669 percent. The one-month Shibor went flat at 2.898 percent, with the three-month rate flat at 2.947 percent and the six-month rate up 0.5 basis points to 2.991 percent. The nine-month rate edged up 0.1 basis points to 3.121 percent, and the one-year rate increased 0.3 basis points to 3.228 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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