Hong Kong Dollar interbank rates generally fell, with overnight rates rising to the highest in a week.

On August 8th, the Hong Kong dollar interest rates generally fell, with the one-month interbank offered rate related to property mortgages dropping to 0.95893%, a decrease of 0.601 basis points, the lowest since August 6th; the three-month interbank offered rate, reflecting the cost of bank funds, dropped to 1.62679%, a decrease of 2.023 basis points. The overnight rate rose to 0.27274%, an increase of 7.131 basis points, the highest since July 30th; the one-week interbank offered rate rose by 4.172 basis points to 0.42964%, while the two-week rate dropped by 0.28 basis points to 0.50214%. In terms of longer term rates, the six-month rate dropped by 2.208 basis points to 2.22286%, while the one-year rate decreased by 0.453 basis points to 2.65589%.