(Yicai Global) Oct. 14 -- China's interbank rates reversed recent declines, mostly gaining today as the People's Bank of China opted to forgo open market operations for an eighth day in a row, saying that current liquidity is still at ample levels.

The overnight Shanghai Interbank Offered Rate moved 34.00 basis points higher to 2.5550 percent and the one-week rate rose 6.00 bips to 2.6510 percent. The SHIBOR for three-month loans edged 0.3 percent higher.

Only the nine-month SHIBOR fell, declining 0.1 bips to 2.9510.

Editor: Ben Armour