Hong Kong dollar interest rates rose across the board, ending a four-month decline at the one-month maturity.

On January 7th, the Hong Kong dollar interbank rates rose across the board, with the overnight rate increasing by 12 basis points to 4.12488%. The one-month interbank rate, which is related to mortgage rates, also ended a four-day decline to reach 4.17488%, the highest since January 2nd. The one-week and two-week interbank rates returned to the 4% level, while the three-month interbank rate, which reflects the cost of bank funds, rose to 4.14452%. The six-month and one-year interbank rates also increased to 4.15494% and 4.15708% respectively.