The Hong Kong dollar interbank lending rate is developing differently. The one-month interbank lending rate has dropped for three consecutive days to 2.62619%.
On May 18th, the interbank interest rate of the Hong Kong dollar saw individual development, with the one-month interbank interest rate related to mortgages reporting at 2.62619%, a decrease of 1.262 basis points, marking a three-day consecutive decline.
On May 18th, the Hong Kong dollar interest rates saw individual developments, with the overnight rate at 2.42464%, a decrease of 0.613 basis points. The one-week rate fell by 1.25 basis points to 2.5%, while the two-week rate increased by 1.233 basis points to 2.6%. The one-month rate related to mortgages dropped by 1.262 basis points to 2.62619%, marking a three-day consecutive decrease.
The three-month interbank offered rate, which reflects the cost of bank funds, increased by 0.143 basis points to 2.88458%. As for longer-term rates, the six-month rate remained unchanged at 3%, while the one-year rate increased by 1.94 basis points to 3.18363%.
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