BEIJING, June 21 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 14.1 basis points to 1.112 percent Friday.
The seven-day Shibor fell 3.2 basis points to 2.416 percent, while the two-week rate was down 5.2 basis points to 2.807 percent.
The one-month Shibor declined 2.4 basis points to 2.852 percent, while the three-month rate down 1.6 basis points to 2.895 percent and the six-month rate down 2.0 basis points to 2.938 percent.
The nine-month rate edged down 0.3 basis points to 3.112 percent, and the one-year rate decreased 1.7 basis points to 3.190 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.