Hong Kong Dollar Interest Rates Fall Across the Board for 3 Consecutive Days, Overnight Interest Rates Drop Below 2%
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On August 28th, the Hong Kong dollar interbank rates have been falling for three consecutive days. Among them, the overnight rate dropped sharply by 44 basis points to 1.95214%, currently falling below 2%, the lowest since June 5th. In addition, the one-month interbank rate related to property mortgages has been falling for ten consecutive days, reaching 3.81595%, the lowest in three and a half months.
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