Hong Kong dollar interest rates are generally falling, with overnight interest rates hitting a near four-month low.

On January 16th, the Hong Kong dollar interbank rates generally fell, with the overnight rate dropping by 2 basis points to 2.89369%, hitting a new low in nearly four months. The one-month interbank rate related to the property mortgage also fell for seven consecutive days, reaching 3.9153%, marking the lowest level since September 23rd last year. The three-month interbank rate, reflecting the cost of bank funds, dropped to 3.9%, reaching a new low in over three and a half months. The six-month and one-year rates both fell to 4%.