BEIJING, March 6 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, dropped 19.2 basis points to 2.07 percent Wednesday.
The seven-day Shibor declined 8.6 basis points to 2.48 percent, while the two-week rate was down 0.2 basis points to 2.48 percent.
The one-month Shibor added 0.4 basis points to 2.70 percent. The three-month rate and the six-month rate both remained unchanged at 2.75 percent and 2.85 percent, respectively.
The nine-month rate was flat at 2.95 percent, and the one-year rate decreased 0.2 basis points to 3.05 percent.
Shibor is a simsple, no-guarantee, wholesale interest rate calculated by averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, excluding the four highest and four lowest quotations.
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