China's overnight Shibor interbank rate increases Thursday

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, edged up 15.4 basis points to 2.197 percent Thursday.

The seven-day rate rose 1.1 basis points to 2.187 percent, the one-month rate edged down 0.1 basis points to 2.307 percent, and the one-year rate edged down 0.2 basis points to 2.567 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.