BEIJING, May 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 31.3 basis points to 1.826 percent Friday.
The seven-day Shibor shed 0.5 basis points to 2.568 percent, while the two-week rate was up 2.1 basis points to 2.408 percent.
The one-month Shibor decreased 0.8 basis points to 2.72 percent, with the three-month rate down 0.8 basis points to 2.8950 percent, and the six-month rate up 0.2 basis points to stand at 2.948 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.
