The interest rates of Hong Kong dollar interbank offered rate have each developed separately, with interest rates rising for two consecutive days.

On July 23, the Hong Kong dollar interbank interest rates showed mixed developments, with the one-month interbank rate related to property rising for two consecutive days to 0.93817%, the highest since July 18, an increase of 0.859 basis points. The three-month interbank rate, which reflects the cost of bank funds, fell by 1.137 basis points to 1.78101%, the lowest since July 3. The overnight rate was 0.18512%, a decrease of 1 basis point. The one-week interbank rate increased by 1.488 basis points to 0.32125%, while the two-week rate rose by 0.899 basis points to 0.59095%. In terms of longer-term rates, the six-month interbank rate fell by 3.244 basis points to 2.4381%, while the one-year rate fell by 1.679 basis points to 2.88976%.