April 19, 2018 / 3:22 AM / 8 months ago

Hong Kong 3-month HIBOR hits highest since 2008

HONG KONG, April 19 (Reuters) - The three-month interbank rate in Hong Kong hit its highest since late 2008 on Thursday, 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 1.33661 percent.

Reporting By Donny Kwok; Editing by Anne Marie Roantree

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