Interest rates for Hong Kong dollars have been fluctuating recently, with interest rates dropping for three consecutive days to reach the lowest point in a month.
On August 6, the Hong Kong dollar interest rate saw individual changes, while the one-month interbank interest rate linked to the property market fell for the third consecutive day, reaching 0.87774%, a decrease of 5.988 basis points, the lowest since July 4.
On August 6th, the Hong Kong dollar interbank interest rates saw different developments, with the one-month interbank rate related to property dropping for the third consecutive day to 0.87774%, a decrease of 5.988 basis points, the lowest since July 4th. The three-month interbank rate, reflecting the cost of bank funds, rose by 3.363 basis points to 1.61607%.
The overnight rate was 0.13738%, an increase of 0.351 basis points. The one-week interbank rate decreased by 0.28 basis points to 0.28387%, while the two-week rate dropped by 4.214 basis points to 0.47655%. In terms of longer-term rates, the six-month interbank rate increased by 5.357 basis points to 2.22268%, while the one-year rate decreased by 2.345 basis points to 2.67298%.
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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

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