SINGAPORE, May 3 (Reuters) - Hong Kong interbank rates
jumped sharply on Wednesday as months of authorities sucking
cash from the financial system took effect, and as traders
braced for a U.S. interest rate hike.
The three-month Hong Kong Interbank Offered Rate (HIBOR) jumped 18.9 basis points to 3.89929%, its sharpest
one-day leap in nearly two years. One-month HIBOR rose more than 14 bps to 3.55333%, its highest since January.
(Reporting by Tom Westbrook; Editing by Andrew Heavens)
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