CNH HIBOR One-Week Rate Falls 7bp to 1.46849% on Wednesday, Hits 3-Week Low

According to Jin10, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) on Wednesday, July 8 showed multiple period rates adjusting downward. The one-week HIBOR declined 7 basis points to 1.46849%, marking its lowest level since June 17.

The two-week HIBOR fell 7 basis points to 1.46849%, the lowest since June 16, while one-year HIBOR dropped to 1.71939%, a fresh low since June 23.

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