The overnight Hong Kong Interbank Offered Rate (HIBOR) has reached its highest level since January 8th.

Overnight Hong Kong Interbank Offered Rate (Hibor) rose to its highest level since the beginning of January on Friday. The overnight Hibor increased by 74 basis points to 3.37%, reaching its highest level since January 8. The one-month Hibor rose by 21 basis points to 2.55%, the highest level since February 6.