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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.
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%.
Hong Kong's Q2 Growth Seen to Contract to 2%, Survey Says; PMI Shrinks to Lowest Since September
Slower domestic demand may drag Hong Kong's economic growth to 2% in the second quarter, according to estimates by the University of Hong Kong's HK Macroeconomic Forecast released Thursday.
Hong Kong Dollar Rally Seen Peaking in July After Dividend Boost
The Hong Kong dollar’s gains against the greenback are expected to peak this month, after getting a boost from hefty dividend payments from firms listed on the city’s stock exchange.