Offshore RMB interbank offered rates mostly decline
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Golden Ten Data reported on March 13 that the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) showed that most major term rates declined on Friday; the overnight HIBOR rose by 9 basis points to 1.49167%. The one-week HIBOR slightly fell to 1.57121%, the two-week HIBOR dropped to 1.60000%, and the one-year HIBOR slightly decreased to 1.86667%.
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