The Hong Kong dollar overnight interbank rate reached a new high for the year on month-end settlement day, but the one-month and three-month rates fell below 4%.
On April 30, before the month-end and the May Day holiday, the Hong Kong dollar interbank interest rate softened, with the overnight rate rising by 22 basis points to 4.5%, the highest since December 31 of last year, while other maturities softened, with both one-month and three-month rates falling below 4%.
Hong Kong's Goods Exports, Imports Rise in March
Paul Chan Mo-po: The GDP figures for Hong Kong are expected to show steady performance in the first quarter.
Paul Chan Mo-po stated that, driven by various positive factors, the preliminary estimate of the first quarter local gross domestic product (GDP) announced this week is expected to show robust performance.
HK Monetary Authority Assures Investors Of Stability Despite Global Volatility
Hong Kong Inflation Cools in March
Hong Kong Consumer Inflation Slows to 1.4% in March