Offshore RMB interbank offered rates decline in the short term but rise in the long term, with overnight rates temporarily off their more than one-week highs.

Golden Ten Data reported on April 27 that offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Monday showed short-term rates declining and long-term rates rising. Overnight HIBOR fell by 1 basis point to 1.33939%, temporarily moving away from a more than one-week high. The one-week HIBOR slightly declined to 1.36636%, the two-week HIBOR dropped to 1.39151%, and the one-year HIBOR edged up to 1.73015%. Click the link to view historical data>>