Web14 apr 2024 · Hong Kong Interbank Liquidity Near Three-Year Low on Peg Defense. (Bloomberg) -- Hong Kong’s interbank liquidity is approaching the lowest level in three years following a series of intervention by the city’s de facto central bank to defend the local currency’s peg to the dollar. The Asian financial hub’s aggregate balance stands at HK ... WebAggregate Balance The sum of balances in the clearing accounts and reserve accounts maintained by commercial banks with the central bank. In Hong Kong, this refers to the sum of the balances in the clearing accounts maintained by the banks with the HKMA for settling interbank payments and payments between banks and the HKMA.
Hong Kong Interbank Liquidity Gauge to Sink Below HK$100 Billion
WebHe said HKMA data showed the latest intervention would reduce the aggregate balance – the sum of balances in clearing accounts maintained by banks with the HKMA – by HK$3.8 billion to HK$66.25 billion today. “A low aggregate balance reflects lower banking liquidity, which will push interbank interest rates up, adding pressure on ... Web29 ago 2024 · Chan said on his blog that the interbank aggregate balance was stabilized at around HK$120 billion due to a relatively narrower interest rate gap between the … harbaugh 49ers record
HKMA PUTS HK$3.8b INTO DEFENCE OF THE DOLLAR
Web4 apr 2024 · This move will also shrink the aggregate balance, a measure of interbank liquidity, to HK$69.9 billion. It is worth noting that the aggregate balance has fallen by over 80% since its peak in 2024, with the HKMA intervening multiple times to keep the balance from falling too low. Web24 apr 2024 · The amount not rolled over will in effect become funding released back to the banking system, adding to the Aggregate Balance and boosting HKD liquidity. As at 20 April, the Monetary Base amounted to about HK$1,660 billion, of which the Aggregate Balance accounted for less than 10% while the EFBNs (worth about HK$1,049 billion) … Web3 nov 2024 · The aggregate balance, a key measure of the interbank cash balance, ... HKMA's buying of Hong Kong dollars shrank the aggregate balance from HK$233.49 … harbaugh allegations