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

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #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

    #57951
    KnovaWave
    Participant

    The Hong Kong Monetary Authority (HKMA), Hong Kong’s de-facto central bank, left its base interest rate charged through its overnight discount window
    [See the full post at: Hong Kong’s Monetary Authority Kept Interest Rates in Lockstep With Fed, Hibor Continues to Rise]

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.