Hong Kong dollar lending rates all fell, with the one-month rate hitting a one-week low of 2.68%.

On July 22nd, the Hong Kong dollar interest rates all fell, with the one-month interbank rate related to mortgages at 2.67988%, a decrease of 3.56 basis points, the lowest since July 13th; the three-month interbank rate, reflecting the cost of bank funds, was 2.93411%, a decrease of 1.184 basis points. The overnight rate was 2.32393%, a decrease of 3.464 basis points; the one-week rate fell by 3.083 basis points to 2.47774%, while the two-week rate fell by 6.553 basis points to 2.5653%. In terms of longer-term rates, the six-month interbank rate fell by 1.836 basis points to 3.157%, while the one-year rate fell by 1.458 basis points to 3.53024%.