BEIJING, Sept. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, edged up 0.3 basis points to 2.213 percent Friday.
The seven-day rate rose 16.4 basis points to 2.398 percent, the one-month rate went up 1.7 basis points to 2.373 percent, and the one-year rate stayed the same at 2.7 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