HK Interbank Rate Falls Widely 1.02143% Drop in One Month
Zhitong Caijing APP learned that on July 29, HK interbank rate fell widely, with overnight rate reporting 0.48315%, down 8.626 basis points, and one-month rate reporting 1.02143%, the lowest since Jul
Zhitong Caijing APP learned that on July 29, HK interbank rate fell widely, with overnight rate reporting 0.48315%, down 8.626 basis points, and one-month rate reporting 1.02143%, the lowest since July 25, down 0.178 basis points. One-week and two-week rates rose, respectively reporting 0.83167% and 0.87292%.
Reflecting banks' funding costs, three-month rate reported 1.70214%, down 0.048 basis points. Long-term rates saw a decline, with six-month rate reporting 2.38691%, down 3.059 basis points, and one-year term rate reporting 2.85524%, down 3.238basis points.
