BEIJING, April 9 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 36.9 basis points to 1.797 percent Tuesday.
The seven-day Shibor fell 1.4 basis points to 2.469 percent, while the two-week rate was up 7.2 basis points to 2.45 percent.
The one-month Shibor dropped 0.4 basis points to 2.646 percent, the three-month rate was down 0.3 basis points to 2.751 percent, and the six-month rate edged up 0.8 basis points to stand at 2.824 percent.
The nine-month rate increased 0.2 basis points to 2.908 percent, and the one-year rate remained unchanged at 3.047 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.
