The seven-day Shibor rose 11.3 basis points to 2.145 percent, while the two-week rate went down 10.3 basis points to 2.095 percent. The one-month Shibor shrank 4.2 basis points to 2.492 percent, while the three-month rate went down 1.6 basis points to 2.641 percent and the six-month rate dropped 0.9 basis points to 2.751 percent. The nine-month rate edged down 0.3 basis points to 3.036 percent, and the one-year rate stood unchanged at 3.096 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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