The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 13.1 basis points to 2.033 percent on Monday.
The seven-day Shibor edged down 1.5 basis points to 2.555 percent. The one-month rate rose stayed unchanged at 2.759 percent, and the one-year rate rose 0.1 basis points to 3.094 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.
