Hong Kong Dollar interest rates generally moving downwards, overnight interest rates reaching new high for the year.

On September 1st, the Hong Kong dollar interbank rates generally decreased, with the one-month interbank rate related to mortgages at 3.15345%, a decrease of 14.31 basis points, marking the lowest level since August 26th; the three-month interbank rate, which reflects banks' funding costs, stood at 3.19226%, a decline of 10.357 basis points. The overnight rate was 4.64714%, an increase of 64.702 basis points, marking the highest level since December 31, 2024; the one-week interbank rate dropped by 34.81 basis points to 3.26595%, while the two-week rate decreased by 24.762 basis points to 3.245%. In terms of longer-term rates, the six-month interbank rate dropped by 7.869 basis points to 3.19083%, while the one-year rate declined by 9.191 basis points to 3.17976%.