BEIJING, May 27 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 32.4 basis points to 2.666 percent Monday.

The seven-day Shibor increased 11.9 basis points to 2.711 percent, while the two-week rate was up 4.6 basis points to 2.803 percent.

The one-month Shibor increased 1.3 basis points to 2.792 percent, with the three-month rate up 0.2 basis points to 2.904 percent, and the six-month rate increased 0.3 basis points to 2.956 percent.

The nine-month rate went up 1.7 basis points to 3.093 percent, and the one-year rate was up 0.4 basis points to 3.202 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

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