China News Service, May 17. According to Hong Kong Wen Wei Po, the Hong Kong dollar continued to be weak, and the Hong Kong Monetary Authority once again "shot" to receive money on the 16th to defend the linked exchange rate system.
The HKMA undertook about 5.888 billion Hong Kong dollar sell orders during the Hong Kong session, and sold about 750 million US dollars. This is the fifth time the HKMA has received money since it first took over the Hong Kong dollar sell order on May 12, involving a total of 17.585 billion Hong Kong dollars.
Tomorrow (18th), the balance of the banking system will decrease to HK$319.99 billion.
Last Thursday to Friday (12th to 13th), the HKMA made three shots in two days, with a total of HK$8.533 billion purchased three times.
In addition, on May 14, the HKMA made the fourth move and bought HK$3.164 billion in the market. Together with the fifth receipt yesterday, it involved a total of HK$17.585 billion.
In terms of Hong Kong dollar interest rates, the Hong Kong Interbank Offered Rate (HIBOR) generally rose due to the succession of Hong Kong dollar selling orders undertaken by the HKMA from the market.
According to the announcement by the Hong Kong Association of Banks, the one-month interest rate related to the mortgage rate was 0.19173%, up 1.215 basis points, the highest since May 3.
However, the overnight interest rate fell 0.102 basis points to 0.04333%, continuing to hit a new low in a month.
As for the 1-week interest rate and 2-week interest rate, there were no changes, and they were reported at 0.06976% and 0.10827% respectively.
In addition, the medium-to-long-term interest rate also rose across the board. The three-month interest rate rose by 1.113 basis points to 0.83774%; the six-month interest rate was 1.62881%, up 7.375 basis points.
The 12-month interest rate rose 4.852 basis points to 2.5381%.