On February 19th, the scale of short-term funds borrowed by Hong Kong banks from the authorities reached its highest level in over five years, indicating a surge in liquidity demand. Data shows that the Hong Kong Monetary Authority lent HKD 5.5 billion through the discount window on Tuesday, the highest amount since December 2019. The 1-month Hibor closed near its one month high on Tuesday, but it is still far from the level of December last year.
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