The Hong Kong dollar interbank interest rates have all fallen, hitting a new low of over two and a half years.
According to the Wise Finance APP, following the announcement of the interest rate decision by the Federal Reserve, the interest rate will remain unchanged. In addition, with the Hong Kong Monetary Authority injecting funds into the market for consecutive days, the Hong Kong dollar interbank interest rates have fallen for three consecutive days. Among them, the overnight interest rate dropped by 210 basis points to 0.38952%, the lowest since July 22, 2022. The one-month interbank interest rate related to the property market has also fallen for three days, dropping nearly 100 basis points from the previous day to 2.09452%, the lowest since September 14, 2022.
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