BEIJING, Nov. 30 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 25 basis points to 1.858 percent Thursday.
The seven-day rate rose 9 basis points to 2.166 percent, the one-month rate went up 1.8 basis points to 2.297 percent, and the one-year rate remained flat at 2.564 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. ■
