Hong Kong Dollar Interbank Offered Rate (HIBOR) continuously rising, Overnight Rate increased to 2.89619%

According to the CCT Finance APP, on July 15th, Hong Kong dollar interbank rates rose across the board. The overnight rate was reported at 2.89619%, up 6.917 basis points. The one-week rate increased by 9.422 basis points to 2.85452%, and the two-week rate also rose by 9.494 basis points to 2.85452%. Meanwhile, the one-month interbank rate related to property mortgages rose to 2.83%, up by 9.208 basis points. The three-month interbank rate, which reflects the cost of bank funds, rose by 4.268 basis points to 3%.