China's overnight Shibor interbank rate falls Tuesday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, fell 3.1 basis points to 0.814 percent Tuesday.

The seven-day rate went down 11.2 basis points to 1.693 percent, the one-month rate dropped 2.4 basis points to 1.938 percent, and the one-year rate fell 1.8 basis points to 2.392 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