On July 4th, the Hong Kong dollar interbank rates generally decreased, but the overnight rate reached a new high of 5.13833%, the highest in over two months.
According to the Intelligence Finance App, on July 4th, the Hong Kong dollar interbank rates generally decreased, but the overnight rate reached a new high of 5.13833%, the highest in over two months. The one-week interbank rate fell another 4 basis points to 4.39571%, the lowest since June 21, and the one-month interbank rate related to property mortgages fell for six consecutive days, reaching a new low of 4.5128% in almost three weeks.
The three-month interbank rate, which reflects the cost of bank funds, fell to a new low of 4.72417% in nearly a month, and the six-month and one-year interbank rates fell to 4.8256% and 4.95375%, respectively.