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What is the current HIBOR rate?
Find out HSBC’s current Hong Kong Interbank Offered Rate for the interest period of 1 month for Hong Kong Dollars….Hong Kong Interbank Offered Rate ( HIBOR )
| 2022 | HIBOR for the interest period of 1 month |
|---|---|
| 6 May | 0.15000% |
| 5 May | 0.19000% |
| 4 May | 0.15000% |
| 3 May | 0.17000% |
Is HIBOR going away?
While the Hong Kong Dollar Overnight Index Average (HONIA) has been identified as an alternative to HIBOR, there is no plan to discontinue HIBOR.
What is LIBOR HIBOR?
LIBOR and HIBOR represent the interest rates that banks are willing to lend to each other in the interbank market in their respective regions. LIBOR is the benchmark interest rate in London, whereas HIBOR is the benchmark interest rate in Hong Kong.
Is TONAR a RFR?
TONAR is a risk-free rate (“RFR”) based on the uncollateralized overnight call rate. 1 TONAR was identified in 2016 by the Study Group on Risk-Free Reference Rates, which was established by market participants to develop risk-free rates in response to a recommendation by the Financial Stability Board.
Why are HSBC rates so low?
HSBC Posted Rates The bank has moved to an everyday low pricing model that maximizes transparency and savings, in an effort to accumulate customers’ non-mortgage assets. When comparing HSBC competitive advertised rates to the Big 6 banks, remember that the best big bank mortgage rates are usually discretionary rates.
What is the prime rate in South Africa?
8.25
CONTACT US
| Indicator | Value | |
|---|---|---|
| Money Market Rates | (5) | |
| Prime lending rate (predominant rate) | 8.25 | |
| Capital Market Rates | (6) | |
| 7.75% 2023 (R2023) (closing yields) | 6.46 |
What is the LIBOR rate 2021?
For the quarter ending December 2021, the LIBOR rate was 0.09%. For the quarter ending September 2021, the LIBOR rate was 0.09%. For the quarter ending June 2021, the LIBOR rate was 0.10%. For the quarter ending March 2021, the LIBOR rate was 0.12%.