BEIJING, July 19 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, rose 5.5 basis points to 2.827 percent Friday.
The seven-day Shibor rose 0.5 basis points to 2.753 percent, while the two-week rate went up 3.8 basis points to 2.989 percent.
The one-month Shibor increased 1.4 basis points to 2.591 percent. The three-month rate edged up 0.8 basis points to 2.631 percent, and the six-month rate grew 0.1 basis points to 2.705 percent.
The nine-month and one-year rates both remained flat at 3.018 percent and 3.101 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.
