On December 1, the Hong Kong dollar interbank rates declined across the board, with the one-month rate, which is relevant to mortgage loans, falling for two consecutive days to 2.93488%, a decrease of 24.798 basis points.
On December 1, the Hong Kong Interbank Offered Rate (HIBOR) fell across the board. The one-month HIBOR, which is closely related to mortgage rates, declined for two consecutive days to 2.93488%, down by 24.798 basis points. The three-month HIBOR, which reflects banks' funding costs, stood at 2.94107%, down by 23.06 basis points. The overnight rate dropped to 1.18976%, falling by 189.714 basis points, marking the largest decline since May.
The one-week HIBOR fell by 123.369 basis points to 1.62369%, while the two-week rate dropped by 93.203 basis points to 1.87738%. In terms of long-term rates, the six-month HIBOR decreased by 3.762 basis points to 3.19167%, and the one-year rate edged down by 0.214 basis points to 3.23548%.
Editor/Rocky