Hong Kong dollar interbank rates across the board are on the rise, with the one-month rate reaching a new high for the month.
On September 24th, the Hong Kong dollar interest rates rose across the board. Among them, the overnight interest rate increased by nearly 41 basis points to 4.18976%, reaching a three-week high. The one-month interbank rate related to property mortgages also rose for the third consecutive day, reaching 4.02179%, the highest in a month since August 21st.
On September 24, the Hong Kong dollar interbank rates rose across the board, with the overnight rate increasing by nearly 41 basis points to 4.18976%, hitting a three-week high. The one-month interbank rate related to mortgages also climbed for three consecutive days, reaching 4.02179%, the highest in a month since August 21.
The one-week interbank rate increased by 42 basis points to 4.26024%, while the three-month interbank rate, reflecting banks' funding costs, rose for two consecutive days to 4.05441%, the highest since September 12. In terms of longer-term rates, the six-month interbank rate further rose to 3.95244%, and the one-year rate also increased to 3.9706%.
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