The Hong Kong dollar interbank interest rates diverged with the 1-month interbank rate hitting a new low of 2.66%.

On July 10th, the Hong Kong Interbank Offered Rate (HIBOR) saw individual developments, with the one-month rate related to mortgage loans dropping to 2.66113%, a decrease of 5.786 basis points and the lowest since June 4th. The three-month HIBOR, which reflects bank funding costs, also decreased to 2.9372%, a drop of 0.072 basis points and the lowest since July 8th. The overnight rate increased to 2.69339%, up 4.22 basis points. The one-week HIBOR decreased by 1.28 basis points to 2.6%, while the two-week rate dropped by 1.351 basis points to 2.6%. In terms of longer-term rates, the six-month HIBOR remained unchanged at 3.17893%, while the one-year rate increased by 0.072 basis points to 3.55667%.