BEIJING, Feb. 26 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost on China's interbank market, rose 10 basis points to 2.705 percent Tuesday.
The seven-day Shibor increased 8.7 basis points to 2.745 percent, while the two-week rate was up 23.4 basis points to 2.862 percent.
The one-month Shibor grew 2.2 basis points to 2.681 percent, the three-month rate also went up 0.4 basis points to 2.756 percent, and the six-month rate raised 0.1 basis points to 2.851 percent.
The nine-month rate remained unchanged at 2.953 percent, and the one-year rate also remained the same at 3.059 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.
