Hibor may drop, but rates volatility will stay

Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility

Boat outside Hong Kong
Hong Kong

The Hong Kong Interbank Offered Rate, represented by both short- and long-term Hong Kong dollar rates, may drop following big initial public offerings (IPOs) and expected US Federal Reserve cuts, but volatility will remain, analysts say.

The one-month Hibor, provided by the Hong Kong Association of Banks, rose to 2.98% on Friday (July 5), while the overnight Hibor stood at 2.63% – the highest levels for a decade. The Hong Kong dollar rates shot up sharply over the past few weeks as interbank

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