Offshore RMB interbank offered rates fall across the board
Golden Ten Data reported on April 30 that the CNH HIBOR (offshore RMB Hong Kong Interbank Offered Rate) showed a decline across all major tenors on Thursday; the overnight HIBOR dropped by 9 basis points to 1.17879%, marking the lowest level since February 23. The one-week HIBOR edged down to 1.37576%, the two-week HIBOR fell to 1.37758%, and the one-year HIBOR slightly declined to 1.68606%.
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