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 … Read more