HONG Kong interbank rates jumped on Wednesday (May 10) as a further decline in banking system cash balances spurred expectations of tightening monetary settings and to an unwinding of short positions in the pegged Hong Kong dollar.
HONG Kong interbank rates jumped on Wednesday (May 10) as a further decline in banking system cash balances spurred expectations of tightening monetary settings and to an unwinding of short positions in the pegged Hong Kong dollar.