Offshore RMB interbank offered rates mostly fall, overnight rate hits three-week low

Golden Ten Data reported on June 29 that the Offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Monday showed declines for most key tenors. The overnight HIBOR fell by 12 basis points to 1.40682%, reaching a new low since June 8. The one-week HIBOR edged down to 1.67212%, the two-week HIBOR fell to 1.66849%, and the one-year HIBOR edged down to 1.75000%.