The seven-day Shibor declined 2.8 basis points to 2.619 percent. The one-month rate edged down 0.6 basis points to 2.594 percent, and the one-year rate declined 0.2 basis points to 3.094 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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