The seven-day Shibor rose 6.2 basis points to 2.448 percent, while the two-week rate was up 7.2 basis points to 2.859 percent. The one-month Shibor edged down 1.5 basis points to 2.876 percent, with the three-month rate down 1.8 basis points to 2.911 percent and the six-month rate down 0.9 basis points to 2.958 percent. The nine-month rate fell 0.7 basis points to 3.115 percent, and the one-year rate decreased 1.1 basis points to 3.207 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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