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, increased 1.1 basis points to 1.428 percent Monday.

The seven-day Shibor rose 6.5 basis points to 2.483 percent, while the two-week rate was up 0.2 basis points to 2.378 percent.

The one-month Shibor dropped 1.4 basis points to 2.65 percent, the three-month rate was down 0.4 basis points to 2.754 percent, and the six-month rate edged up 0.1 basis points to stand at 2.816 percent.

The nine-month rate remained unchanged at 2.906 percent, and the one-year rate also remained the same at 3.047 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