BEIJING, June 4 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 26.5 basis points to 1.738 percent Tuesday.
The seven-day Shibor dropped 15.4 basis points to 2.399 percent, while the two-week rate was down 15.7 basis points to 2.414 percent.
The one-month Shibor went up 1.2 basis points to 2.821 percent, with the three-month rate dropping 0.2 basis points to 2.902 percent and the six-month rate down 0.4 basis points to 2.953 percent.
The nine-month rate edged up 0.1 basis point to 3.108 percent, and the one-year rate remained unchanged at 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. Enditem
