BEIJING, June 3 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 19.1 basis points to 2.003 percent Monday.
The seven-day Shibor dropped 9.7 basis points to 2.553 percent, while the two-week rate was down 23 basis points to 2.571 percent.
The one-month Shibor went down 0.7 basis points to 2.809 percent, with the three-month rate and the six-month rate down 0.8 basic points and 0.6 basic points, respectively.
The nine-month rate fell by 0.3 basis points to 3.107 percent, and the one-year rate edged up 0.2 basis points to 3.208 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.