BEIJING, March 11 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 4.9 basis points to 1.796 percent Thursday.
The seven-day rate rose 2.2 basis points to 2.06 percent, the one-month rate edged down 0.4 basis points to 2.574 percent, and the one-year rate stayed the same at 3.102 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
A single purchase
