The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, gained 0.3 basis points to 2.154 percent Thursday.
The seven-day rate gained 1.8 basis points to 2.22 percent, the one-month rate remained flat at 2.36 percent, and the one-year rate was down 0.2 basis points to 2.738 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. Enditem
