The interest rate for Hong Kong dollars is developing individually, with the one-month interest rate ending two consecutive declines at 0.72958%.

On July 2, the Hong Kong dollar interest rates saw individual developments, with the one-month interbank rate related to property climbing to 0.72958%, an increase of 0.214 basis points, ending a two-day decline and reaching the highest level since June 27. The three-month interbank rate, which reflects the cost of funds for banks, rose to 1.70589%, an increase of 2.631 basis points, also the highest level since June 27. The rates for six-month and one-year periods both dropped to 2.32857% and 2.90869%, respectively. On the Hong Kong dollar exchange rate front, the Hong Kong dollar weakened against the US dollar once again triggering a weak counter-currency swap. The Hong Kong Monetary Authority bought 20.018 billion Hong Kong dollars in the New York session and sold US dollars. The total surplus in the Hong Kong banking system will decrease to 144.175 billion Hong Kong dollars on Thursday (July 3).