The Hong Kong dollar interbank rates are all falling, with the one-month rate dropping for three consecutive months to hit a four-month low.

On January 23, the Hong Kong Interbank Offered Rate (HIBOR) decreased across the board, with the overnight rate slightly dropping to 2.8% and the two-week rate falling nearly 16 basis points to 3.7422%. The one-month HIBOR, which is related to property mortgages, fell for three consecutive days to 3.78387%, reaching a four-month low. The six-month and one-year HIBOR also dropped to 3.95%.