Hong Kong dollar interbank rates are almost all falling. The one-month interbank rate has hit a new low in nearly four months.

On February 12th, the Hong Kong dollar interest rates were almost all down. The overnight rate dropped by 37 basis points to 2.67905%, marking a near four-week low. Meanwhile, the one-month rate related to loans also fell for three consecutive days, reaching 3.62101%, close to a four-month low. The three-month interbank rate, reflecting the cost of bank funds, slightly decreased to 3.78387%, the lowest since February 3rd. The six-month rate remained at 3.88315%, while the one-year rate increased to 3.95946%.