HK 3-month HIBOR hits highest this year

19-Apr-2018 Intellasia | Reuters | 6:00 AM Print This Post

The three-month interbank rate in Hong Kong hit its highest since late December on Wednesday, as the financial hub’s currency hovered near the weakest end of its trading band with the US dollar.

The Hong Kong dollar’s three-month borrowing cost in the interbank market, which influences mortgage rates, rose to 1.32 percent.

Earlier on Wednesday, the Hong Kong Monetary Authority (HKMA) stepped into currency markets again, buying an additional HK$5.102 billion ($649.7 million) in US trading hours as its currency repeatedly hit the weak end of its trading band.


Category: Hong Kong

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