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The Hong Kong Monetary Authority (HKMA), Hong Kong’s de-facto central bank, raised its benchmark interest rate for a tenth time this year, following t
[See the full post at: Hong Kong’s Monetary Authority Raised Interest Rates 25bps Despite Banking Liquidity at 2008 Lows]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
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