The Hong Kong dollar interbank rates of three months and below have all dropped, with the three-month period experiencing a continuous decline for three days.
On May 19th, Hong Kong dollar interbank rates for three-month and below all fell, with the one-month interbank rate related to property loans dropping by 10 basis points to 1.19048%, the lowest since July 25, 2022.
On May 19, Hong Kong dollar interest rates for three months and below all trended downwards. Among them, the one-month interbank interest rate related to the mortgage loan dropped by 10 basis points to 1.19048%, the lowest since July 25, 2022.
The overnight interbank rate slightly decreased to 0.03577%, the lowest since October 22, 2021. The three-month interbank interest rates, reflecting bank funding costs, have fallen for three consecutive days to 2.145%, the lowest since last Thursday (15th). However, the six-month interbank rate rose by nearly 5 basis points to 2.84208%, while the one-year interbank rate was at 3.25702%.
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