The Hong Kong dollar interest rates are generally rising, with the one-month interest rate increasing for the fourth consecutive day to 2.7%.

On May 12, the Hong Kong Interbank Offered Rate (HIBOR) generally rose, with the one-month rate associated with mortgages increasing for the fourth consecutive day by 2.7%, up 1.613 basis points. The three-month interbank rate, which reflects the cost of bank funds, stood at 2.87536%, up 1.899 basis points. The overnight rate was 2.77179%, down 6.16 basis points; the one-week rate increased by 1.542 basis points, reaching 2.7%, while the two-week rate also rose by 1.542 basis points to 2.7%. In terms of longer-term rates, the six-month rate dropped by 0.095 basis points to 2.93482%, while the one-year rate increased by 0.31 basis points to 3.13411%.