Hong Kong dollar interbank rates generally rise, with overnight rates hitting a near three-week high.
On December 18, the Hong Kong dollar interbank interest rates generally rose, with the short-term interest rates showing a significant increase.
On December 18, the Hong Kong dollar interbank interest rates generally rose, with short-term rates increasing significantly. The overnight rate rose by 40 basis points to 4.3%, reaching a near three-week high. The one-month interbank rate related to the property sector also rose for the third consecutive day, reaching 4.48357%, the highest since October 8. The three-month interbank rate, reflecting the cost of bank funds, stopped rising for two consecutive days, slightly dropping to 4.35286%. However, the six-month and twelve-month rates increased to 4.16018% and 4.1125%, respectively. The one-year rate continued to be maintained at 4.1%.
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