Offshore RMB interbank lending rates mixed; overnight rate hits highest level in over a week

According to Golden Ten Data on April 24, offshore RMB Hong Kong Interbank Offered Rate (CNHHIBOR) on Friday showed mixed movements in major term rates. The overnight HIBOR rose by 12 basis points to 1.34712%, reaching a new high since April 14. The one-week HIBOR edged up to 1.36818%, and the two-week HIBOR increased to 1.39788%. The one-year HIBOR slightly declined to 1.71939%, marking a historic low. Click the link to view historical data>>