Hong Kong interbank rates drop to near 3-year low after FX intervention
FILE PHOTO: An attendant walks outside the entrance to Hong Kong Monetary Authority in Hong Kong, China November 10, 2015. Picture taken November 10, 2015. REUTERS/Bobby Yip/File Photo
Hong Kong interbank rates fell further on Friday to hit the lowest level in nearly three years, reflecting an infusion of cash from the city's de-facto central bank.
The overnight Hong Kong Interbank Offered Rate (HIBOR) dropped to 0.09786 per cent, the lowest level since July 2022.
Source: Reuters
