The Hong Kong dollar interbank interest rates are all rising. The one-month interest rate, which had fallen for three consecutive months, is now at 1.99%.

On April 2, the Hong Kong dollar interest rates rose across the board, with the one-month interbank rate related to mortgages at 1.98601%, up by 0.946 basis points, ending a three-day decline; the three-month interbank rate, reflecting the cost of bank funds, was at 2.28268%, up by 2.054 basis points, the highest since March 31. The overnight rate was 2.02274%, up by 43.131 basis points; the one-week interbank rate rose by 14.845 basis points to 1.9275%, while the two-week rate rose by 6.548 basis points to 1.87441%. In terms of longer-term rates, the six-month interbank rate rose by 1.136 basis points to 2.63577%, while the one-year rate rose by 1.184 basis points to 3.05119%.