HKMA chief says expects overnight interbank rate to rise at much faster pace

by Aurelia Butler 28 July 2022, 01:21 169 Views

HONG KONG (Reuters) – Hong Kong Monetary Authority (HKMA) chief Eddie Yue said on Thursday he expects the city’s overnight and one-month interbank rate to continue to rise, but at a much faster pace.

Yue was speaking after the city’s de facto central bank raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

Source: Economy - investing.com

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HKMA chief says expects overnight interbank rate to rise at much faster pace

Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors

Hong Kong central bank raises interest rate after Fed hike

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