interbank rates

  1. Hong Kong Braces for Higher Rates as Currency Losses Quicken

    Hong Kong Braces for Higher Rates as Currency Losses Quicken
    How long can it last? That’s what watchers of Hong Kong’s markets are asking as the gap between local and U.S. interbank rates widens to the most since 2009. The city’s currency peg to the greenback effectively ties its monetary policy to that of the U.S., making the growing differential all the more curious. Now things may be changing, with...
  2. China Banks Brace for June Cash Squeeze as Fund Costs Jump

    China Banks Brace for June Cash Squeeze as Fund Costs Jump
    China’s deleveraging dilemma -- how to squeeze excess liquidity out of the financial system without spurring a full-blown cash crunch -- is facing its toughest test. June is traditionally a tight time for banks because of regulatory checks, and this year, lenders are grappling with an official campaign to reduce the level of borrowing as well. Wholesale funding costs and money-market...

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