Aug 29, 03:24 AM

Hong Kong Overnight HIBOR Tops 4%, Marks Record Monthly Rebound

Hong Kong’s overnight interbank offered rate climbed above 4% on 29 August, the first time it has crossed that threshold since 2 May. The move signals a notable tightening in short-term Hong Kong dollar funding conditions. The overnight HIBOR also logged its largest monthly rebound on record, according to market data released Friday. The sharp upswing underscores heightened volatility in the city’s money markets as August draws to a close.

#Hong Kong

Written with ChatGPT .

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CN Wire@Sino_Market
7 months ago
🇭🇰HONG KONG OVERNIGHT INTERBANK OFFERED RATE RISES ABOVE 4%, HIGHEST SINCE MAY 2 HONG KONG OVERNIGHT INTERBANK OFFERED RATE POSTS BIGGEST MONTHLY REBOUND ON RECORD $USDHKD $HKDUSD https://t.co/tq3LRJDHcI https://t.co/E2RqRtzzft
First Squawk@FirstSquawk
7 months ago
Hong Kong’s overnight interbank offered rate posts record-breaking monthly rebound.
FinancialJuice@financialjuice
7 months ago
Hong Kong overnight interbank offered rate hihkdond posts largest monthly rebound on record

Hong Kong Overnight HIBOR Tops 4%, Marks Record Monthly Rebound

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