The pressure of capital outflow and the US dollar continues to raise interest rates to continue to tighten Hong Kong's liquidity. The Hong Kong Bank's interbank interest rates (Hibor) rose across the board, with a short -term interest rate of more than 16 years.
According to the latest Hong Kong Bank's interbank interest rate dismantling data released by the Hong Kong Association, the Hong Kong Bank's interbank interest rates on Monday (September 25) rose, of which overnight interest rose to 5.75%of the 17 -year high, while one week and two and twoThe weekly interest rates rose to 5.79%and 5.59%, respectively, the highest in 16 years.The one -month and three -month Hong Kong Bank's interbank interest rates have also risen to the highest level since early August.
The interest rate of banks in banks refers to the short -term fund lending interest rate between banks.Hibor rising usually means that the cost of funds has risen, and bank loan interest rates will also increase.
Reuters analysis said that because the Hong Kong dollar is linked to the US dollar, the interest rate of Hong Kong is linked to the US interest rate. The market believes that the US interest rate hike cycle has not ended, so Hong Kong interest rates have been rising.
At the same time as the bank's interbank interest rates have soared, the indicators of the cash balance of the Hong Kong banking system have also declined, slightly lower than 45 billion Hong Kong dollars (S $ 7.86 billion), the lowest level since 2008.Due to the disappointment of China's economic recovery, investors have withdrawn from China through Hong Kong for several months.
French Foreign Trade Bank Natixis Asia -Pacific chief economist Alicia Garcia Herrero told Reuters: "The trend of funds from Hong Kong and the Federal Reserve's interest rate hike explaining why Hibor is so high."
