BEIJING, Dec. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, lost 25.4 basis points to 1.862 percent Friday.
The seven-day rate went down 5.8 basis points to 2.151 percent, the one-month rate rose 0.2 basis point to 2.368 percent, and the one-year rate was down 0.1 basis point to 2.735 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
