The seven-day Shibor declined 6.1 basis points to 2.692 percent, while the two-week rate went down 10.4 basis points to 2.885 percent. The one-month Shibor edged up 0.1 basis points to 2.592 percent. The three-month rate edged down 0.3 basis points to 2.628 percent, and the six-month rate dropped 0.1 basis points to 2.704 percent. The nine-month rate remained flat at 3.018 percent, while the one-year Shibor edged down 0.1 basis points to 3.1 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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