BEIJING, Dec. 13 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, gained 8 basis points to 2.133 percent Friday.

The seven-day rate rose 4.3 basis points to 2.474 percent. The one-month rate edged up 2.2 basis points to 2.913 percent, and the one-year rate was flat at 3.122 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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