The Hong Kong dollar interest rate declined across the board. The one-month interest rate associated with the mortgage rate fell 6 days in a row to 0.58964%, hitting a new low of nearly 3 years. According to the Treasury Markets Association website, in terms of short-term interest rates, the overnight interest rate fell to 0.02702%; the one-week interest rate fell to 0.18387%; and the two-week interest rate fell to 0.38893%. In terms of medium- to long-term interest rate, the 3-month interest rate fell to 1.55286%; the 6-month interest rate fell to 2.46917%; and the 1-year interest rate fell to 3.08964%. The Hong Kong dollar has been in high cash flow recently. Despite the decline in overnight interest rates, the Bank of Hong Kong borrowed HK$496 million in overnight liquidity from the HKMA discount window yesterday, for the first time since this month.

The Hong Kong dollar interest rate declined across the board. The one-month interest rate associated with the mortgage rate fell 6 days in a row to 0.58964%, hitting a new low of nearly 3 years. According to the Treasury Markets Association website, in terms of short-term interest rates, the overnight interest rate fell to 0.02702%; the one-week interest rate fell to 0.18387%; and the two-week interest rate fell to 0.38893%. In terms of medium- to long-term interest rate, the 3-month interest rate fell to 1.55286%; the 6-month interest rate fell to 2.46917%; and the 1-year interest rate fell to 3.08964%. The Hong Kong dollar has been in high cash flow recently. Despite the decline in overnight interest rates, the Bank of Hong Kong borrowed HK$496 million in overnight liquidity from the HKMA discount window yesterday, for the first time since this month.