BEIJING, Sept. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 36.5 basis points to 1.769 percent Thursday.
The seven-day rate went up 1.4 basis points to 2.199 percent, the one-month rate went up 0.6 basis points to 2.603 percent, and the one-year rate stood unchanged at 3 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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