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CNH HIBOR Rates Mostly Decline on May 12; HKMA Liquidity Over 40% Utilized

GateNews
Forex

According to Jin Ten Data, offshore Chinese yuan interbank offered rates (CNH HIBOR) on May 12 showed mixed movements. Overnight HIBOR rose 11 basis points to 1.41136%, while one-week HIBOR fell to 1.43606% and two-week HIBOR declined to 1.43606%. One-year HIBOR dropped to 1.69333%, marking a new low since May 5. The Hong Kong Monetary Authority’s 30 billion yuan daily repurchase agreement liquidity facility has been utilized over 40%.

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