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Hong Kong's Consumer Prices Rise 1.5% in June
The larger increase was due mainly to a year-over-year decline in the government's provision of electricity charges subsidy as compared to June 2023.
Hong Kong's Unemployment Rate Remains Consistent in April-June
The unadjusted unemployment rate also stayed the same across the two periods at 1.2%.
Short-term Hong Kong dollar interbank rates rise, overnight interbank rates rise to 4.48%, reaching a new high in nearly a week.
On July 16th, the short term interbank rates for Hong Kong dollars increased, but long term rates remained soft. Among them, overnight rates rose slightly by 4 basis points to a new high of 4.48131% in the past week.
Brazil Economy Grows Less Than Expected in May Amid High Rates
Brazil’s economy grew slightly less than expected in May, the central bank’s main gauge of activity showed amid signs that borrowing costs will stay high for longer.
Interest rates for Hong Kong dollars vary, with a one-month borrowing rate of 4.6%.
On July 15th, individual developments occurred in the Hong Kong interbank interest rates this morning, with the overnight rate slightly down to 4.44119%, while the one-month interbank rate related to property remained at 4.6%.
Brazil Central Bank Expected To Keep Rates High -- Market Talk
Inflation eases in Brazil, but the central bank has reasons to keep rate cuts on pause for a while, Goldman Sachs' Alberto Ramos says in a note.