Hong Kong dollar interbank rates generally increased, with overnight rates hitting a two-and-a-half-month high.

On July 25th, the Hong Kong dollar interbank rates generally increased, with the one-month interbank rate related to property mortgages at 0.91679%, ending its decline and rising by 1.822 basis points, the highest since July 23rd. The three-month interbank rate, reflecting the cost of bank funds, was at 1.75%, a decrease of 1.28 basis points. The overnight rate was at 0.26857%, an increase of 4.827 basis points, the highest since May 8th. The one-week interbank rate rose by 8.184 basis points to 0.44452%, while the two-week rate increased by 0.833 basis points to 0.6%. In terms of longer-term rates, the six-month interbank rate increased by 0.143 basis points to 2.41679%, while the one-year rate was at 2.88762%.