The Hong Kong dollar interest rate fell across the board and hit a new low of more than two and a half years

The Zhitong Finance App learned that after the Federal Reserve's interest rate meeting, it was announced that interest rates would remain unchanged. Coupled with the Hong Kong Monetary Authority injecting capital into the market for several days, the Hong Kong dollar interest rate fell across the board for three consecutive days. Among them, the overnight interest rate plummeted by 210 basis points to 0.38952%, the lowest since July 22, 2022, while the one-month interest rate related to property forecasting fell for three consecutive days, down nearly 100 basis points from the previous day to 2.09452%, the lowest since September 14, 2022.

The three-month interest rate, which reflects the bank's capital costs, fell below 3% to 2.77036%, the lowest since September 8, 2022. The six-month and one-year terms dropped to 3.13667% and 3.35345% respectively, the lowest after August 25, 2022 and July 18, 2022, respectively.