Hong Kong Economic Journal – Highlights – Hong Kong dollar’s overnight interest rate breaks through 4.1%, the strongest increase in 17 years

March 22, 2023

The bond market crisis triggered by Credit Suisse fermented, and the market was worried about capital outflows. Adding quarter-end factors, the Hong Kong dollar offered interest rate (HIBOR) rose sharply yesterday. Among them, the overnight interest rate soared by 2.52595% to 4.14286%, the largest one-day increase since Bloomberg began to compile data in 2006; the one-month interest rate rose by 0.50822% to 3.4981%, the strongest increase since 2008. The analysis pointed out that as the European Central Bank stabilized…


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