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 45.05 basis points to 2.5845 percent Monday.

The seven-day Shibor increased 8.9 basis points to 2.678 percent, while the two-week rate was up 19.5 basis points to 2.689 percent.

The one-month Shibor went up 1.2 basis points to 2.717 percent, with the three-month rate and the six-month rate remaining unchanged at 2.9 percent and 2.95 percent, respectively.

The nine-month rate edged up 0.1 basis points to 3.051 percent, and the one-year rate rose 0.5 basis points to 3.167 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