BEIJING, May 14 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 25.63 basis points to 2.4123 percent Tuesday.
The seven-day Shibor increased 7.1 basis points to 2.65 percent, while the two-week rate was up 4.4 basis points to 2.449 percent.
The one-month Shibor went up 0.2 basis points to 2.717 percent, with the three-month rate up 0.2 basis points to 2.891 percent, and the six-month rate staying flat at 2.948 percent.
The nine-month rate stayed at 3.05 percent, and the one-year rate was up 0.1 basis points to 3.153 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.
