The seven-day Shibor dropped 0.4 basis points to 2.638 percent. The one-month rate edged up 0.3 basis points to 2.685 percent, while the one-year rate remained unchanged at 3.043 percent.
Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank yuan 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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