Hong Kong Interbank Offer Rate(redirected from Hong Kong Inter-Bank Offered Rate)
Hong Kong Interbank Offer Rate
The interest rate that banks in Hong Kong charge one another for interbank loans with terms of up to one year. It is considered a key benchmark interest rate in the wider Asian economy. Interest rate swaps in Asia, for example, often use HIBOR as the reference rate for the floating payer. See also: LIBOR, EURBOR.