Reply To: Hong Kong’s Monetary Authority Kept Interest Rates in Lockstep With Fed, Hibor Continues to Rise

#58338
MoneyNeverSleeps
Participant

The cost to borrow overnight in Hong Kong jumped to a 16-year high as official efforts to enforce the city’s currency peg with the US dollar cascaded through funding markets.

The overnight Hong Kong interbank offered rate, known as Hibor, climbed 37 basis points to 4.81%, the highest since 2007, on Thurs