(Yicai Global) Jan. 8 -- The Shanghai Interbank Offered Rates moved in both directions today, with short-term lending rates rising as the nation's central bank skipped open market operations for the 11th straight day and reiterating that the monetary system has ample liquidity.

The overnight SHIBOR was up 33.80 basis points at 1.5530 percent, while the one-week rate gained 6.1 bips to 2.3200 percent.

Rates for longer term loans continue to slide, with the one-month rate down 6.2 bips at 2.6360 and the rate for one-year lending slipping 0.8 bip to 3.0320 percent.