(Yicai Global) Nov. 18 -- The Shanghai Interbank Offered Rates continued mostly to climb higher today in spite of the central bank's interest rate cut in its reverse repurchase open market operation and fresh injection of CNY180 billion (USD25.7 billion).

The overnight SHIBOR rose 1.40 basis points to 2.7070 percent, while the one-month rate was up 0.60 bips to 2.7940 percent. The SHIBOR for three-month loans also ascended by 1.2 bips to 3.0320 percent.

Only the one-week rate was down 0.90 bips to 2.7280 percent.

Editor: Ben Armour