Offshore RMB interbank offered rates mostly rise, overnight rate hits highest level in over a week

According to Golden Ten Data on March 9, a key indicator measuring offshore RMB liquidity—the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR)—showed on Monday that most major term rates increased; among them, the overnight HIBOR rose by 4 basis points to 1.47424%, reaching a new high since February 27. The one-week HIBOR slightly fell to 1.43606%, the two-week HIBOR remained unchanged at 1.50000%, and the one-year HIBOR edged up to 1.85818%. Click the link to view historical data>>