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%.
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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.