China's overnight Shibor interbank rate falls Thursday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 19.4 basis points to 1.253 percent on Thursday.

The seven-day Shibor rose 6.2 basis points to 2.448 percent, while the two-week rate was up 7.2 basis points to 2.859 percent.

The one-month Shibor edged down 1.5 basis points to 2.876 percent, with the three-month rate down 1.8 basis points to 2.911 percent and the six-month rate down 0.9 basis points to 2.958 percent.

The nine-month rate fell 0.7 basis points to 3.115 percent, and the one-year rate decreased 1.1 basis points to 3.207 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