Historical Year Data · 2019

Japan 3M Interbank Rate in 2019

Japan 3M Interbank Rate opened 2019 at 0.03% and closed at 0.02%, a -30.00% move for the year. The high of 0.05% was reached on March 1, and the low of 0.01% on August 1.

Open

0.03%

2019-01

0.02%

12 data points

High

0.05%

Mar 1

Low

0.01%

Aug 1

Full Year Change

-30.00%

2018 Change

-26.47%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	0.03%	0.03%	0.03%	0.03%	+0.00%
Feb	0.03%	0.03%	0.03%	0.03%	+0.00%
Mar	0.05%	0.05%	0.05%	0.05%	+0.00%
Apr	0.05%	0.05%	0.05%	0.05%	+0.00%
May	0.05%	0.05%	0.05%	0.05%	+0.00%
Jun	0.05%	0.05%	0.05%	0.05%	+0.00%
Jul	0.05%	0.05%	0.05%	0.05%	+0.00%
Aug	0.01%	0.01%	0.01%	0.01%	+0.00%
Sep	0.01%	0.01%	0.01%	0.01%	+0.00%
Oct	0.01%	0.01%	0.01%	0.01%	+0.00%
Nov	0.02%	0.02%	0.02%	0.02%	+0.00%
Dec	0.02%	0.02%	0.02%	0.02%	+0.00%

Events During 2019

2019 Hong Kong Protests & Capital Outflows

Mixed

June 2019 – June 2020

Hong Kong's 2019 protests over an extradition bill and Beijing's 2020 National Security Law reshaped the territory's role as Asia's financial hub. Capital outflows, reduced multinational presence, and regulatory divergence from the West had durable effects on regional finance.

2019 September Repo Market Crisis

Goldilocks

September 16-17, 2019

Overnight repo rates spiked from 2% to 10% on September 17, 2019, forcing the Fed to intervene with its first open market operations since 2008. The episode revealed structural strains in US money markets that persisted into 2020.

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