Hong Kong dollar interest rates are falling across the board, with one-month rates dropping below 1%.

According to the Wisdom Financial APP, on May 20th, Hong Kong dollar interest rates almost all fell, among which, the one-month interbank rate related to the mortgage dropped by 23 basis points to 0.96036%, falling below 1% and reaching the lowest point since July 21, 2022, and has been falling for three consecutive days.