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The HKD interest rate rose above 4% across the board for three consecutive trading days
On May 21, the HKD interest rate rose across the board for three consecutive trading days. Among them, the overnight interest rate rose above 4% to 4.06226%, reaching a new high of more than two weeks.
Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say
GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.
Hong Kong's GDP grew 2.7% year on year in the first quarter and remained unchanged at 2.5% to 3.5% for the whole year
On May 17, the Hong Kong Government published the “Economic Report for the First Quarter of 2024” and revised GDP figures for the first quarter of 2024.
Hong Kong's Exports, Imports Rise in March
Hong Kong's exports jumped 4.7% to HK$384.5 billion in March, compared with a 0.8% decline in February, data released by the city's census and statistics department on Thursday showed.
Hong Kong Census and Statistics Department: The overall value of Hong Kong's exports and imports in March increased by 4.7% and 5.3% year-on-year respectively
Foreign merchandise trade statistics released by the Statistics Department of the Hong Kong Government on April 25 showed that in March 2024, Hong Kong's overall export and import values both recorded year-on-year increases of 4.7% and 5.3%, respectively.
Hong Kong's Jobless Rate Accelerates to 3.0% in January to March
Hong Kong's seasonally adjusted unemployment rate quickened to 3.0% in the three-month period of January to March from 2.9% in December 2023 to February 2024 period, the Census and Statistics Department reported on Thursday.