China's overnight Shibor interbank rate declines Friday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 8.3 basis points to 2.652 percent Friday.

The seven-day Shibor rose 1.2 basis points to 2.669 percent, while the two-week rate was up 2.6 basis points to 2.805 percent.

The one-month Shibor increased 1.7 basis points to 2.686 percent, with the three-month rate up 0.1 basis points to 2.761 percent, and the six-month rate up 0.4 basis points to stand at 2.842 percent.

The nine-month rate went up 0.1 basis points to 2.924 percent, and the one-year rate was up 0.7 basis points to 3.067 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