Hong Kong dollar interest rates are falling across the board. The one-month interest rate has dropped for three consecutive days to 2.8%.

On December 2nd, the Hong Kong dollar interest rates were mostly down, with the one-month interbank offered rate related to mortgages dropping to 2.80232%, a decrease of 13.256 basis points and a third consecutive day of decline. The three-month interbank offered rate, which reflects the cost of bank funds, was 2.86607%, down 7.5 basis points. The overnight rate was 1.18512%, down 0.464 basis points; the one-week rate decreased by 15.571 basis points to 1.46798%, and the two-week rate dropped by 15.059 basis points to 1.72679%. In the longer term, the six-month interbank offered rate fell by 9.81 basis points to 3.09357%, while the one-year rate decreased by 9.971 basis points to 3.13577%.