Hong Kong Dollar Interbank Offered Rate (HIBOR) falling across the board; interest rates have dropped for two consecutive days.

According to the Wise Finance APP, on August 22, Hong Kong dollar interbank rates fell across the board, with the one-month interbank rates related to the property market falling for the second consecutive day to 2.7706%, a decrease of 7.131 basis points, the lowest since August 19; the three-month interbank rates reflecting the cost of bank funds were reported at 2.83738%, a decrease of 3.81 basis points.