Hong Kong dollar interest rates are rising across the board. One-month interest rates have reached a four-month high.

On September 18, the Federal Reserve cut interest rates by 25 basis points, but Hong Kong interest rates remained high. This morning, Hong Kong Dollar interbank rates rose across the board, with the one-month interbank rate related to property loans reported at 3.36089%, up by 14.982 basis points, the highest since May 6 and reaching a four-month high. The three-month interbank rate, which reflects bank funding costs, was reported at 3.39827%, up by 10.071 basis points. Overnight rates were reported at 3.06%, up by 15.083 basis points; one-week interbank rates rose by 11.845 basis points to 3.10607%, while two-week rates increased by 17.143 basis points to 3.37714%. In terms of longer-term rates, six-month interbank rates rose by 6.214 basis points to 3.3903%, while one-year rates increased by 2.607 basis points to 3.35732%.