Hong Kong dollar interbank rates have generally weakened, with overnight rates reaching new lows in the past two weeks.

On November 20th, the Hong Kong dollar interest rates generally weakened, with the overnight rate falling by about 2 basis points to 3.7606%, reaching a new low in two weeks. The one-month interbank rate related to mortgages also fell to 4.13077%. The three-month interbank rate reflecting the cost of bank funds fell to 4.31423%, hitting a one-week low. The six-month interbank rate ended its two-day decline, rising to 4.1872%, while the one-year rate fell to 4.1125%.