There is no significant change in the mid- to long-term Hong Kong dollar interbank rates, while the overnight rate has dropped from a three-week high to 4.19%.

On December 20th, according to data from the Hong Kong Bank Union, there was no significant change in the medium to long-term Hong Kong dollar interest rates. The overnight interest rates fell from a three-week high by about 13 basis points to 4.18976%, while the one-month interbank rates related to mortgage loans increased for five consecutive days to reach 4.53006%, the highest level since October 8th. However, the one-week interbank rates slightly decreased by nearly 7 basis points to 4.38577%. The three-month interbank rates, which reflect the cost of bank funds, also slightly decreased to 4.35214%, while the rates for six-month and twelve-month periods increased to 4.18435% and 4.1872% respectively.