Offshore CNY HIBOR Rates Show Mixed Movements; Overnight Rates Hit Two-Week Low

Gelonghui March 17 | Offshore Renminbi Hong Kong Interbank Offered Rate (CNH HIBOR) on Tuesday showed mixed movements across major tenors; among them, the overnight HIBOR fell by 6 basis points to 1.39773%, hitting a new low since March 5. The one-week HIBOR slightly declined to 1.53788%, the two-week HIBOR dropped to 1.58151%, reaching a more than one-week low; the one-year HIBOR slightly decreased to 1.85182%, marking a new low since March 6.

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