Offshore RMB interbank lending rates rise in the short term and fall in the long term, with overnight lending rate hitting a nearly two-week high
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According to Golden Ten Data on March 10, the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Tuesday showed short-term rates rising and long-term rates falling. Among them, the overnight HIBOR rose by 16 basis points to 1.63394%, reaching a new high since February 27. The one-week HIBOR increased by 19 basis points to 1.62303%, hitting its highest level since February 13; the two-week HIBOR rose by 12 basis points to 1.61849%, the highest since February 16; while the one-year HIBOR slightly declined to 1.85636%. Click the link to view historical data>>
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