Hong Kong dollar interbank rates across the board are falling. One-month interbank rates hit a six-week low of 2.62%.

On January 2nd, Hong Kong dollar interest rates were all trending downward, with the one-month interbank offered rate related to the prime rate falling to a six-week low of 2.6225%, down by 45.298 basis points. The three-month interbank offered rate, reflecting the cost of bank funds, was at 2.81179%, down by 12.065 basis points. The overnight rate was at 2.79857%, down by 158.369 basis points; the one-week interbank offered rate fell by 144.084 basis points to 2.58833%, while the two-week rate dropped by 78.81 basis points to 2.58619%. In terms of longer-term rates, the six-month interbank offered rate decreased by 10.654 basis points to 2.88816%, while the one-year rate fell by 9.643 basis points to 2.9803%. Additionally, after a 16-day gap, the Hong Kong Monetary Authority once again injected 30.79 billion Hong Kong dollars into the banking system through the discount window, the highest amount since July 8, 2025, injecting 46.68 billion Hong Kong dollars on that day.