The Hong Kong dollar interbank interest rates have generally increased. The one-month interbank interest rate has stopped its four consecutive declines and is now at 3.28911%.

On December 24th, the Hong Kong dollar interbank market interest rates generally rose, with overnight rate at 4.02393%, up 107.583 basis points; one-week rate up 128.012 basis points at 4.4031%, and two-week rate up 53.691 basis points at 3.9281%. The one-month interbank rate, which is related to mortgage rates, ended a four consecutive declines and reported at 3.28911%, up 18.274 basis points. The three-month interbank rate, which reflects the cost of bank funds, was at 3.09494%, up 6.536 basis points. In terms of longer-term rates, the six-month interbank rate rose by 0.446 basis points to 3.03714%, while the one-year rate fell by 0.108 basis points to 3.09202%.