Hong Kong dollar two-month and above interbank interest rates have risen across the board, while overnight rates hit a one-week low.

On March 4th, the Hong Kong dollar two-month and above Interbank Offered Rate (HIBOR) all rose today, with the three-month HIBOR, reflecting the bank funding cost, rising to 4.68458%, returning to the level of February 28th, and the spread with the USD LIBOR slightly narrowing to 91 basis points. However, the overnight rate dropped by 13 basis points to 3.80143%, hitting a one-week low, while the HIBOR related to mortgage loans remained at 4.46917%. As for longer-term rates, the six-month and one-year rates rose to 4.69% and 4.76732% respectively.