The Hong Kong Monetary Authority has increased the scale of overnight loans to banks to a near five-month high.

The scale of overnight loans in Hong Kong Monetary Authority rose to the highest level in nearly five months on Wednesday. The Hong Kong Monetary Authority injected 2.7 billion Hong Kong dollars through the discount window to banks, the most since February 16. The benchmark overnight Hong Kong Interbank Offered Rate rose 7 basis points on Wednesday to 2.65%.