Hibor slide continues

Business | 28 Apr 2020 4:30 pm

The overall Hong Kong Interbank Offered Rate continued to decline today, with the one-month Hong Kong Interbank Offered Rate, which is linked to the mortgage rate, falling to 1.23179 percent, the lowest in nearly one month.

Centaline Mortgage Broker managing director Ivy Wong Mei-fung, expects HIBOR to fall below 1 percent. She said the Hong Kong dollar is still likely to touch the upper limit of its trading band, given the current US-Hong Kong interest rate gap, and HKMA will intervene by injecting more liquidity.



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