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 14.5 basis points to 2.797 percent Monday.

The seven-day Shibor rose 10.3 basis points to 2.772 percent, while the two-week rate was up 9.7 basis points to 2.902 percent.

The one-month Shibor increased 3.1 basis points to 2.717 percent, with the three-month rate up 0.7 basis points to 2.768 percent, and the six-month rate up 0.8 basis points to stand at 2.85 percent.

The nine-month rate went up 1.5 basis points to 2.939 percent, and the one-year rate was up 0.5 basis points to 3.072 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