Hong Kong dollar interbank rates generally trended downwards, with the one-month rate falling for two consecutive days to 2.84%.

On January 12th, Hong Kong interbank rates generally trended lower, with the one-month interbank rate related to mortgages falling for two consecutive days to 2.83881%, a decrease of 2.488 basis points. Meanwhile, the three-month interbank rate, reflecting bank funding costs, fell to 2.89%, a decrease of 2.25 basis points. The overnight rate was reported at 2.39286%, a decrease of 48.619 basis points. The one-week interbank rate fell by 32.559 basis points to 2.59512%, while the two-week rate dropped by 29.929 basis points to 2.62071%. On the longer end of the spectrum, the six-month interbank rate declined by 0.333 basis points to 2.97673%, while the one-year rate remained unchanged at 3.01393%.