Hong Kong Dollar interest rates have varied. The overnight rate has fallen for four consecutive days, hitting a low of 4.47% in a month.
27/02/2024
GMT Eight
On February 27th, the Hong Kong dollar interest rates developed individually, with overnight rates rebounding by about 17 basis points to 3.83143%. The one-month interbank offered rate related to mortgages fell for four consecutive days to a low of 4.47214%, the lowest since September 11th. The one-week rate rose to 4.29357%, while the three-month rate, reflecting the cost of bank funds, increased to 4.6853%, with the spread against the US dollar LIBOR holding steady at 91 basis points. In terms of longer-term rates, the six-month rate rose to 4.69071%, but the one-year rate fell to 4.76589%.
The US will release durable goods orders data on Tuesday and the January Personal Consumption Expenditures (PCE) Price Index on Thursday, which is expected to reflect the strength of the economy and inflation trends. The market sentiment is cautious, and the US dollar was slightly weak on Monday.