The Hong Kong dollar interbank rates have been falling continuously for four days, with the one-month rate dropping below 4% to its lowest level in three and a half months.

The Hong Kong dollar interbank interest rates have been falling for four consecutive days, with the overnight rate dropping another 15 basis points to a low of 3.44333%, the lowest since September 19 last year. The one-month interbank rate related to property loans also fell for five consecutive days to 3.99%, the lowest since September 23 last year. The three-month interbank rate, which reflects the cost of bank funds, decreased by 5 basis points to 4.00351%, reaching a new low for over three and a half months. The six-month and one-year rates also dropped to 4.03881% and 4.04637% respectively.