BEIJING, April 18 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 18.6 basis points to 2.812 percent Thursday.
The seven-day Shibor dropped 3.8 basis points to 2.75 percent, while the two-week rate was up 1.6 basis points to 3.008 percent.
The one-month Shibor increased 1.6 basis points to 2.795 percent, with the three-month rate up 1.9 basis points to 2.806 percent, and the six-month rate up 0.3 basis points to stand at 2.864 percent.
The nine-month rate went up 0.4 basis points to 2.964 percent, and the one-year rate was up 0.5 basis points to 3.096 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.
