BEIJING, May 23 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 3.9 basis points to 2.584 percent Thursday.
The seven-day Shibor dropped 4.2 basis points to 2.648 percent, while the two-week rate was down 5.2 basis points to 2.757 percent.
The one-month Shibor went up 1.4 basis points to 2.784 percent, with the three-month rate edging down 0.2 basis points to 2.901 percent and the six-month rate slightly up to 2.951 percent.
The nine-month rate edged up 0.3 basis points to 3.063 percent, and the one-year rate rose 0.5 basis points to 3.19 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.