According to Zhitong Finance APP, on January 10th, the Hong Kong dollar interbank offered rate (HIBOR) fell across the board for two consecutive days, with the two-week and shorter-term rates dropping below 4%. The overnight rate fell nearly 13 basis points to 3.87262%, marking a new low in nearly four weeks, while the one-month rate related to mortgage loans also fell for three consecutive days, reporting 4.09429%, the lowest since November 7, 2024.
The three-month HIBOR, which reflects the cost of bank funding, slightly decreased to 4.10036%, a new low in three and a half months, while the six-month and one-year rates both fell to 4.09571%. In the market, Jeff Schmid, president of the Federal Reserve Bank of Kansas City, expressed a tendency to support a slowdown in the pace of interest rate cuts. He believes that the Federal Reserve should gradually adjust its policies in the future and only respond when there is a sustained change in the data tone.
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On January 10th, the Hong Kong dollar interbank offered rate (HIBOR) fell across the board for two consecutive days, with the two-week and shorter-term rates dropping below 4%. Among them, the overnight rate fell nearly 13 basis points to 3.87262%, hitting a nearly four-week low, while the one-month rate related to mortgage loans also fell for three consecutive days, reporting 4.09429%, the lowest since November 7, 2024. The three-month HIBOR, which reflects the cost of bank funding, slightly decreased to 4.10036%, marking a three-and-a-half-month low, while the six-month and one-year rates both fell to 4.09571%. In the market, Jeff Schmid, President of the Federal Reserve Bank of Kansas City, expressed a tendency to support a slowdown in the pace of interest rate cuts. He believes that the Federal Reserve should gradually adjust its policy in the future and only respond when there is a sustained change in the data tone

- On January 10, Hong Kong interbank rates fell for the second consecutive day, with two-week and shorter rates dropping below 4%.  
- The overnight rate decreased by nearly 13 basis points to 3.87262%, marking a four-week low, while the one-month rate related to mortgages fell for three days to 4.09429%, the lowest since November 7, 2024.  
- Additionally, the three-month rate slightly decreased to 4.10036%, a three-and-a-half-month low, as the six-month and one-year rates also declined to 4.09571%.