The overnight borrowing provided by the Hong Kong Monetary Authority to banks is rising to a three-month high.

Official data showed that overnight borrowing provided by the Hong Kong Monetary Authority rose to a three-month high on Monday. The HKMA lent out 1.18 billion Hong Kong dollars through its discount window, the highest since November 10. The Hong Kong dollar overnight Hibor fell 2 basis points to 1.85% on Monday.