Hong Kong dollar interest rates have dropped across the board, with overnight rates hitting a near two-week low.

On February 25th, the Hong Kong dollar interest rates all fell, with overnight rates dropping for the fourth consecutive time to below 3%, hitting a low of 2.97488%, marking a new low in nearly two weeks. The one-month interbank rate related to property mortgages also fell below 4%, standing at 3.93827%, the lowest since February 17th. The three-month interbank rate, which reflects the cost of bank funds, is at 4.0125%. The six-month and one-year interbank rates have also decreased to 4.04024% and 4.08077% respectively.