Hong Kong Dollar interest rates are generally rising, but the one-month period has hit a more than two and a half year low.

According to the Wise Finance and Economics App, on May 16th, the Hong Kong Interbank Offered Rate (HIBOR) continued to rise overall, but the one-month HIBOR related to mortgages fell by 5 basis points to 1.29798%, the lowest since August 2, 2022. The three-month HIBOR, which reflects the bank's funding costs, rose for two consecutive days to 2.19619%.