China's overnight Shibor interbank rate increases Monday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 10.1 basis points to 2.756 percent Monday.

The seven-day Shibor decreased 1.9 basis points to 2.709 percent, while the two-week rate was up 24.4 basis points to 2.861 percent.

The one-month Shibor added 2.2 basis points to 2.832 percent, the three-month rate was up 1.5 basis points to 2.814 percent, and the six-month rate edged up 0.2 basis points to 2.86 percent.

The nine-month rate increased 0.2 basis points to 2.958 percent, and the one-year rate was up 0.5 basis points to 3.082 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