The Hong Kong dollar lending rate is on the rise, with the overnight lending rate increasing to 2.81%.

On June 17th, the Hong Kong dollar interbank rates rose across the board, with the overnight rate at 2.81%, up by 24.488 basis points. The one-week rate increased by 40.571 basis points to 2.8%, while the two-week rate rose by 54.791 basis points to 3.03708%. The one-month interbank rate related to the property market increased by 10.762 basis points to 2.95905%, while the three-month interbank rate reflecting bank funding costs rose by 8.654 basis points to 2.98815%. In terms of longer-term rates, the six-month interbank rate increased by 5.542 basis points to 3.06137%, and the one-year interbank rate rose by 2.428 basis points to 3.26357%.