Hong Kong dollar rates rebounded, with a monthly interest rate of 2.65%.

On May 28th, the Hong Kong Dollar Interbank Offered Rate rebounded, with the one-month interbank rate related to mortgage loans reporting at 2.65143%, up 5.143 basis points; the three-month interbank rate reflecting bank funding costs reported at 2.87083%, up 3.696 basis points. The overnight rate reported at 2.72488%, up 48.69 basis points; the one-week interbank rate rose by 6.958 basis points, reporting at 2.60214%, while the two-week rate increased by 3.077 basis points, reporting at 2.60214%. In terms of longer-term rates, the six-month interbank rate increased by 3.791 basis points, reporting at 2.99571%, while the one-year rate dropped by 0.506 basis points, reporting at 3.17607%.