HKMA’s intervention has resulted in the city’s aggregate balance dropping by 40 per cent to HK$109 billion since April, thereby reducing the availability of funds for lending between banks. Photo: Hong Kong Monetary Authority

Hibor hits fresh 10-year high of 1.58 per cent on fears of liquidity crunch

The rise in bank funding costs comes as the city’s de facto central bank raised the base lending rate after the US Federal Reserve’s interest rate announcement

Topic |   US Federal Reserve

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HKMA’s intervention has resulted in the city’s aggregate balance dropping by 40 per cent to HK$109 billion since April, thereby reducing the availability of funds for lending between banks. Photo: Hong Kong Monetary Authority
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