Offshore RMB interbank offered rates adjusted across the board, with all tenors up to two weeks hitting new lows in over a week
According to Golden Ten Data on May 15, offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Friday showed a broad decline in major term interest rates. Overnight HIBOR fell by 10 basis points to 1.23485%, hitting a new low since May 6. One-week HIBOR dropped by 6 basis points to 1.37576%, two-week HIBOR fell to 1.40727%, both reaching new lows in over a week; one-year HIBOR edged down to 1.70182%. Click the link to view historical data >>
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