BEIJING, Oct. 14 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 5.1 basis points to 2.106 percent Thursday.

The seven-day rate edged down 0.4 basis points to 2.198 percent, the one-month rate edged up 0.2 basis points to 2.359 percent, and the one-year rate rose 0.8 basis points to 2.725 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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