Hong Kong Dollar interbank rates generally trended downwards. The one-month interbank rate fell for four consecutive days to 2.73%.

On January 21st, the Hong Kong dollar interbank interest rates generally declined, with the one-month interbank rate related to mortgage loans falling for the fourth consecutive day to 2.72893%, a decrease of 3.03 basis points. The three-month interbank rate, which reflects the cost of bank funds, fell to 2.83273%, a decrease of 2.316 basis points. The overnight rate was 1.64976%, a decrease of 35.095 basis points. The one-week interbank rate fell by 6.833 basis points to 2.20155%, while the two-week rate decreased by 11.756 basis points to 2.48619%. In terms of longer-term rates, the six-month interbank rate fell by 2.155 basis points to 2.9322%, and the one-year rate fell by 1.988 basis points to 2.98649%.