Hong Kong interbank lending rates sustained their upward trend on Tuesday, signaling continued tightness in liquidity. The overnight Hong Kong Interbank Offered Rate (HIBOR) saw a marginal increase to 0.42107%, compared to Monday’s 0.41786%.

Rates for longer tenors also experienced gains. The one-week HIBOR rose to 0.51071%, while the two-week rate climbed to 0.61071%. The one-month HIBOR was fixed at 0.83214%.

These interbank rates are crucial indicators of the funding environment within Hong Kong’s banking sector. Elevated rates often suggest reduced liquidity and potentially higher borrowing costs for businesses and consumers.

The movement in HIBOR is closely monitored by financial analysts as it can influence broader market conditions and investment decisions.