China's overnight Shibor interbank rate rises Monday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost on China's interbank market, rose 17.4 basis points to 2.605 percent Monday.

The seven-day Shibor increased 5.8 basis points to 2.658 percent, while the two-week rate was up 11 basis points to 2.628 percent.

The one-month Shibor grew 0.3 basis points to 2.659 percent, the three-month rate also went up 0.3 basis points to 2.752 percent, and the six-month rate declined 0.4 basis points to 2.85 percent.

The nine-month rate decreased 0.2 basis points to 2.953 percent, and the one-year rate went down 0.4 basis points to 3.059 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.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan