The HKD interest rate is moving downward across the board. The monthly interest rate associated with the house price fell for 5 consecutive days to 0.66613%, hitting a low of nearly 3 years. Based on the current “H+1.3%” plan for new H construction, the actual interest rate for H has dropped to 1.97 percent today, falling below 2 percent, to a new low of nearly 3 years. Based on an average mortgage amount of HK$5 million for a 30-year term, the monthly payment was reduced by approximately HK$4,046 based on the market maximum interest rate of 3.5% at the beginning of the month. Cao Deming, chief vice president of Meridian Mortgage Referral, said that the future interest rate revolving trend will depend on market activity and demand for Hong Kong dollars. If the bank system's aggregate balance continues to remain above 100 billion yuan, there is still a chance that interest rates will be tested repeatedly in the short term, that is, H will pay interest or hover below 2% according to actual interest rates. According to the Treasury Markets Association website, in terms of short-term interest rates, the overnight interest rate rose slightly to 0.02833%; the one-week interest rate fell to 0.23292%; and the two-week interest rate fell to 0.42357%. In terms of medium- to long-term interest rate, the 3-month interest rate fell to 1.70976%; the 6-month interest rate fell to 2.57667%; and the 1-year interest rate fell to 3.18071%.

The HKD interest rate is moving downward across the board. The monthly interest rate associated with the house price fell for 5 consecutive days to 0.66613%, hitting a low of nearly 3 years. Based on the current “H+1.3%” plan for new H construction, the actual interest rate for H has dropped to 1.97 percent today, falling below 2 percent, to a new low of nearly 3 years. Based on an average mortgage amount of HK$5 million for a 30-year term, the monthly payment was reduced by approximately HK$4,046 based on the market maximum interest rate of 3.5% at the beginning of the month. Cao Deming, chief vice president of Meridian Mortgage Referral, said that the future interest rate revolving trend will depend on market activity and demand for Hong Kong dollars. If the bank system's aggregate balance continues to remain above 100 billion yuan, there is still a chance that interest rates will be tested repeatedly in the short term, that is, H will pay interest or hover below 2% according to actual interest rates. According to the Treasury Markets Association website, in terms of short-term interest rates, the overnight interest rate rose slightly to 0.02833%; the one-week interest rate fell to 0.23292%; and the two-week interest rate fell to 0.42357%. In terms of medium- to long-term interest rate, the 3-month interest rate fell to 1.70976%; the 6-month interest rate fell to 2.57667%; and the 1-year interest rate fell to 3.18071%.