The seven-day rate dropped 8.3 basis points to 1.485 percent, The one-month rate stayed flat at 1.3 percent, and the one-year rate edged up 0.1 basis points to 1.696 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.
(This article is generated by Xinhua News Robot.)
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