The Hong Kong dollar interbank interest rates are generally softening, with one-month interbank rates reaching a weekly low.
On November 18, the Hong Kong dollar interbank interest rates softened across the board today, with the one-month interbank rate related to mortgages stopping two consecutive increases and reporting at 4.12524%.
On November 18th, the Hong Kong dollar interbank interest rates softened today, with the one-month interbank rate related to property mortgages stopping its two consecutive increases, and dropping to 4.12524%, hitting a new low in over a week. However, the overnight rate rebounded by 2 basis points to 3.89762%.
The three-month interbank rate, which reflects banks' funding costs, ended its seven consecutive increases, reaching 4.3178%. The six-month and one-year rates dropped to 4.17369% and 4.11179% respectively.
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