BEIJING, Sept. 25 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 3.3 basis points to 1.694 percent Monday.

The seven-day rate rose 1.7 basis points to 2.005 percent, the one-month rate went up 1.8 basis points to 2.229 percent, and the one-year rate edged up 0.4 basis points to 2.416 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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