Hong Kong dollar interest rates have fallen across the board, with one-month interbank rates witnessing two consecutive decreases.

On January 9, Hong Kong dollar interest rates fell across the board, with short-term rates experiencing a more significant decline. Overnight rates fell nearly 12 basis points to return to the 4% level seen on Monday (January 6), while one-week and two-week rates both dropped by nearly 15 basis points. The one-month interbank rate, which is related to mortgage rates, also fell for the second consecutive time to 4.15518%. The three-month interbank rate, which reflects the cost of bank funding, slightly declined to 4.12601%, reaching a new low in three and a half months. The six-month and one-year interbank rates also decreased to 4.12458% and 4.14024% respectively.