On April 30, before the month-end and the May Day holiday, the Hong Kong dollar interbank interest rate softened, with the overnight rate rising by 22 basis points to 4.5%, the highest since December 31 of last year, while other maturities softened, with both one-month and three-month rates falling below 4%.
According to Zhitong Finance APP, on April 30, before the month-end and the Labor Day holiday, the Hong Kong dollar interbank offered rate softened, with the overnight rate rising by 22 basis points to 4.5%, the highest since December 31 of last year, while other tenors softened, with both the one-month and three-month interbank rates falling below 4%.
The one-month interbank rate related to mortgage loans ended a six-month increase, dropping nearly 12 basis points to 3.95333%; the three-month interbank rate, reflecting banks' funding costs, also halted its five-month increase, standing at 3.9872%. The six-month and one-year rates fell to 4.02893% and 4.05446%, respectively.
