The People's bank of China announces the exchange rate of Renminbi against major currencies on the basis of the prevailing exchange rates in the inter-bank foreign exchange market.

中国人民银行根据银行间外汇市场形成的价格，公布人民币对主要外币的汇率。

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The RMB exchange rate floating bands remain the same as previously announced in the inter-bank foreign exchange market.

有关方面根据已经公布的外汇市场汇率浮动区间对人民币进行动态管理和调节。

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But regulators around the world suspect that LIBOR (the London inter-bank offered rate), a financial benchmark that is set every day by collating these estimates, has been subject to manipulation.

但世界各地的监管机构怀疑伦敦银行间拆放款利率，这一根据估算结果而每天确立的金融基准涉嫌操纵。

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Posted 6.59am: The BBC has seen documents which show that ministers in the last Labour government held discussions with banks about policies which would allow the Libor rate - the inter-bank lending rate - to fall.

BBC: Banking probe row turns political

Mr Coogan warned that the bank's efforts had yet to have much effect on the London Inter-Bank Offered Rate (Libor), the main interest rate governing the cost of lending between banks.

BBC: Mortgage lending hits 33-year low

On Tuesday, the three-month inter-bank lending rate declined to 4.63% from 4.83% late last week.

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