China's overnight Shibor interbank rate increases Friday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 31.3 basis points to 1.826 percent Friday.

The seven-day Shibor shed 0.5 basis points to 2.568 percent, while the two-week rate was up 2.1 basis points to 2.408 percent.

The one-month Shibor decreased 0.8 basis points to 2.72 percent, with the three-month rate down 0.8 basis points to 2.8950 percent, and the six-month rate up 0.2 basis points to stand at 2.948 percent.

The nine-month rate and the one-year rate stayed flat at 3.05 percent and 3.151 percent respectively.

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