Hong Kong Interbank Offered Rate (HIBOR) fell across the board, with the one-month rate hitting the lowest level in a week.
On August 4th, the Hong Kong Interbank Offered Rate (HIBOR) fell across the board, with the one-month HIBOR related to mortgages dropping by 5.548 basis points to 0.93762%, the lowest since July 25th.
On August 4th, the Hong Kong dollar interbank rates all fell, with the one-month interbank rate related to mortgage lending at 0.93762%, a decrease of 5.548 basis points, the lowest since July 25th; the three-month interbank rate reflecting bank funding costs was 1.58244%, a decrease of 3.577 basis points.
The overnight rate was 0.13387%, a decrease of 4.607 basis points, the lowest since July 18th; the one-week interbank rate fell by 14.452 basis points to 0.28667%, while the two-week rate dropped by 5 basis points to 0.51869%. In terms of longer-term rates, the six-month interbank rate dropped by 8.863 basis points to 2.16911%, while the one-year rate decreased by 9.333 basis points to 2.69643%.
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