Hong Kong dollar interest rates across the board are moving upward. The one-month interest rate, which had dropped for two consecutive months, has now reached 3.13%.

On December 16, the Hong Kong dollar interbank rates all increased, with the one-month interbank rate related to the property market rising for the second consecutive time to 3.12756%, an increase of 15.202 basis points. The three-month interbank rate, reflecting the cost of bank funds, rose to 3.08958%, an increase of 10.137 basis points. The overnight rate was 1.99429%, up 26.417 basis points; the one-week interbank rate rose by 33.726 basis points to 2.36476%, and the two-week rate rose by 32.934 basis points to 2.6397%. In terms of longer-term rates, the six-month interbank rate rose by 3.226 basis points to 3.11137%, while the one-year rate rose by 1.399 basis points to 3.11399%.