Benchmark Rate in Hong Kong

Hong Kong Benchmark Rate | Economic News & Forecasts

Hong Kong - Benchmark Rate

The economy likely remained on a weak footing in the last quarter after slowing in Q3. As in the previous period, the fourth quarter print was likely weighed by diminishing private spending growth and external demand, due both to ripple effects from the U.S.-China trade war and an ongoing cooling of the property market. Indeed, the average PMI reading over the quarter was slightly under Q3’s already feeble showing, caused primarily by weak mainland demand and trade concerns. These effects also translated into lower business confidence in the quarter. Meanwhile, after a decent print in October, retail sales were meek in November despite high inflows of Chinese tourists. Lastly, merchandise exports contracted unexpectedly in November for the first time since January 2017. Although the ceasefire negotiated between China and the U.S. in December should somewhat reduce trade-related blows in Q1, the truce still appears fragile and underlying tensions are likely to resurface quickly after it ends on 2 March.

Hong Kong - Benchmark Rate Data

2013  2014  2015  2016  2017  
Benchmark Interest Rate (%)0.38  0.38  0.39  1.02  1.31  

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Hong Kong Benchmark Rate Chart


Hong Kong Interest Rate
Note: 91-day HIBOR in %.
Source: Census and Statistics Department Hong Kong and Met the why particular calculations.

Hong Kong Facts

ValueChangeDate
Bond Yield1.913.38 %Jan 30
Exchange Rate7.84-0.11 %Jan 30
Stock Market27,643-1.92 %Jan 30

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