Interest rates for Hong Kong dollars in the interbank market have generally increased. The one-month interbank rate is reported at 2.49%.
On May 5th, the Hong Kong Dollar Interbank Offered Rate generally increased, with the one-month rate related to mortgage loans rising by 4.577 basis points to 2.48887%.
On May 5th, the Hong Kong Dollar Interbank Offered Rate (HIBOR) rose across the board. The one-month HIBOR, which is related to mortgage rates, increased by 4.577 basis points to 2.48887%. The three-month HIBOR, which reflects the cost of bank funds, rose by 1.316 basis points to 2.62024%.
The overnight rate fell by 3.25 basis points to 2.54476%, while the one-week rate increased by 3.214 basis points to 2.47476% and the two-week rate increased by 3.232 basis points to 2.47494%. In terms of longer-term rates, the six-month rate increased by 1.184 basis points to 2.73863% and the one-year rate increased by 1.512 basis points to 3.00262%.
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