The Hong Kong Interbank Offered Rate (HIBOR) generally weakened, with the overnight rate falling for two consecutive days to 3.9%.
On December 13, the Hong Kong dollar interest rates fell across the board today.
On December 13th, the Hong Kong dollar interest rates softened, with the overnight rate falling for the second consecutive day to 3.9%. The one-month interbank rate related to property mortgages also stopped its four-day increase, reaching 4.47238%, setting a new high in nearly two and a half months.
The three-month interbank rate, reflecting the cost of bank funds, ended its three-day increase at 4.3528%. The six-month rate fell to 4.14381%, while the one-year rate remained at 4.1%. However, the two-week rate rose for four consecutive days to 4.17869%.
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