Offshore RMB interbank offered rates show mixed movements

Golden Ten Data reported on July 9 that offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) showed mixed movements across major terms on Thursday. The one-week HIBOR edged down to 1.45091%, hitting its lowest level since June 16. Additionally, over 30% of the HKMA's RMB 30 billion intraday repo liquidity has been utilized. Overnight HIBOR rose 5 basis points to 1.42848%. The two-week HIBOR climbed to 1.46939%, rebounding from over a three-week low, while the one-year HIBOR edged up to 1.71985%, moving away from the lowest level in more than half a month. Click the link to view historical data >>