BEIJING, May 9 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 37.2 basis points to 1.513 percent Thursday.
The seven-day Shibor increased 28.7 basis points to 2.573 percent, while the two-week rate was up 1.5 basis points to 2.387 percent.
The one-month Shibor decreased 1.3 basis points to 2.728 percent, with the three-month rate down 0.7 basis points to 2.903 percent, and the six-month rate down 0.1 basis points to stand at 2.946 percent.
The nine-month rate and the one-year rate stayed flat at 3.05 percent and 3.151 percent respectively.
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.
