By October 6th, Hong Kong's interbank rate (HIBOR) had risen to 3.85%, its highest level since last December.
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On Monday morning, Hong Kong's three-month interbank rate moved to a new 2008 high of 3.85%, according to TradeTheNews.com.
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Still, the spike in Hong Kong's interbank rates has raised the possibility that banks in Hong Kong may soon be forced to raise their prime rate if the turbulence continues.
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