April 24, 2018 / 3:23 AM / 6 months ago

Hong Kong 3-month HIBOR hits highest since 2008

HONG KONG, April 24 (Reuters) - The three-month interbank rate in Hong Kong hit its highest since late 2008 on Tuesday, as the financial hub’s currency hovered near the weak end of its trading band with the U.S. dollar.

The Hong Kong dollar’s three-month borrowing cost in the interbank market, which influences mortgage rates, rose to a fresh 10-year high of 1.43964 percent from 1.38464 on Monday.

Reporting By Donny Kwok; Editing by Anne Marie Roantree and Kim Coghill

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