The overnight Hong Kong interbank offered rate rose 36 basis points to 4.80607%, its highest since October
2007.
Hong Kong rates are tethered to the U.S. by the Hong Kong
dollar's peg to the U.S. dollar, and have been scaling higher
for a few weeks.
One-week HIBOR jumped 44 bps to 4.55024%, its
highest since Sept. 2008, while one-month HIBOR touched a five-month peak at 4.52952%. The Hong Kong dollar was at 7.8318 per dollar, having touched a fresh near
three month high of 7.8344.
(Reporting by Ankur Banerjee in Singapore; Editing by
Muralikumar Anantharaman)
SINGAPORE, May 11 (Reuters) - Hong Kong interbank rates
soared on Thursday, and the Hong Kong dollar rose to its highest
since the middle of February.
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