KONTAN.CO.ID - SINGAPORE. Short-term interbank rates in Hong Kong hit their highest in more than a decade on Monday as wagers on further U.S. rate hikes and capital flows out of Chinese markets have tightened cash conditions in the Asian financial hub. The overnight Hong Kong interbank offered rate (HIBOR) spiked nearly 67 basis points to just over 5.75%, the highest level on LSEG data stretching back to 2006. One-week and two-week HIBOR hit 16-year highs. Baca Juga: Singapore August Core Inflation Rises 3.4%, Seen Easing
Hong Kong Interbank Rates Jump to 16-Year Highs
KONTAN.CO.ID - SINGAPORE. Short-term interbank rates in Hong Kong hit their highest in more than a decade on Monday as wagers on further U.S. rate hikes and capital flows out of Chinese markets have tightened cash conditions in the Asian financial hub. The overnight Hong Kong interbank offered rate (HIBOR) spiked nearly 67 basis points to just over 5.75%, the highest level on LSEG data stretching back to 2006. One-week and two-week HIBOR hit 16-year highs. Baca Juga: Singapore August Core Inflation Rises 3.4%, Seen Easing