Core Viewpoint - The Federal Reserve has reduced interest rates by 25 basis points, yet Hong Kong's interbank rates remain high, indicating a divergence in monetary policy impacts [1] Group 1: Interest Rate Changes - The Federal Reserve cut rates by 25 basis points on September 18 [1] - Hong Kong's one-month interbank rate (HIBOR) rose to 3.36089%, an increase of 14.982 basis points, marking the highest level since May 6 and a four-month peak [1] - The three-month interbank rate in Hong Kong increased to 3.39827%, up by 10.071 basis points [1]

隔夜息报2.88262%，跌17.845基点;一周拆息跌6.595基点，报2.97131%，两周则升1.916基点，报 3.09321%。长息方面，六个月拆息升6.869基点，报3.34381%，一年期则升4.31基点，报3.32887%。 | 香港时间2025-9-16 | | | --- | --- | | | 上午11时15分的结算率。 | | 到期日 | 港元利息结算率 | | 隔夜 | 2.88262 | | 1 星期 | 2.97131 | | 2 星期 | 3.09321 | | 1 个月 | 3.21750 | | 2个月 | 3.28887 | | 3个月 | 3.34310 | | 6个月 | 3.34381 | | 12 个月 | 3.32887 | 智通财经APP获悉，9月16日，港元拆息普遍向上，而与楼按相关的一个月拆息报3.2175%，升2.714基 点，连升三日兼创两周高位，为8月29日后最高;反映银行资金成本的三个月拆息报3.3431%，升4.31基 点。 ...

| 香港时间2025-9-15 | | | --- | --- | | 上午11时15分的结算率。 | | | 到期日 | 港元利息结算率 | | 陽夜 | 3.06107 | | 1 星期 | 3.03726 | | 2 星期 | 3.07405 | | 1 个月 | 3.19036 | | 2个月 | 3.25691 | | 3个月 | 3.30000 | | 6个月 | 3.27512 | | 12个月 | 3.28577 | 隔夜息报3.06107%，升42.774基点;一周拆息升27.452基点，报3.03726%，两周则升24.655基点，报 3.07405%。长息方面，六个月拆息升4.845基点，报3.27512%，一年期则升5.839基点，报3.28577%。 智通财经APP获悉，9月15日，港元拆息再度上扬，而与楼按相关的一个月拆息连升两日，报 3.19036%，升2.84基点，为8月29日后最高;反映银行资金成本的三个月拆息报3.3%，升7.827基点。 ...

| Maturity | HKD Interest Settlement Rates | | --- | --- | | Overnight | 2.63333 | | 1 Week | 2.76274 | | 2 Weeks | 2.82750 | | 1 Month | 3.16196 | | 2 Months | 3.19095 | | 3 Months | 3.22173 | | 6 Months | 3.22667 | | 12 Months | 3.22738 | 长息方面，六个月拆息升5.042基点，报3.22667%；一年拆息升5.702基点，报3.22738%。 智通财经APP获悉，9月12日，港元拆息全线上涨，隔夜息报2.63333%，升21.797基点；一周拆息升 15.095基点，报2.76274%；两周拆息升11.214基点，报2.8275%。与楼按相关的一个月拆息升12.476基 点，报3.16196%，为8月29日后最高；反映银行资金成本的三个月拆息报3.22173%，升7.298基点。 ...

Group 1 - The Hong Kong interbank offered rates (HIBOR) have generally decreased, with the overnight rate dropping by 18.976 basis points to 2.41536% [1] - The one-week HIBOR fell by 4.238 basis points to 2.61179%, while the two-week rate decreased by 0.232 basis points to 2.71536% [1] - The one-month HIBOR, which is relevant to mortgage rates, declined by 4.905 basis points to 3.0372%, ending a four-week increase [1] - The three-month HIBOR, reflecting bank funding costs, decreased by 1.756 basis points to 3.14875% [1] - The six-month HIBOR fell by 0.143 basis points to 3.17625%, while the one-year rate remained unchanged at 3.17036% [1] Group 2 - The table of HKD interest settlement rates shows various maturities with their corresponding rates, indicating a general downward trend in short-term rates [2]

| 骨発時間2023-9-10 | | | --- | --- | | | 上午11時15分的結算率。 | | 到期日 | 港元利息結算率 | | 隔夜 | 2.60512 | | 1 星期 | 2.65417 | | 2 星期 | 2.71768 | | 1 個月 | 3.08625 | | 2 個月 | 3.11494 | | 3 個月 | 3.16631 | | 6 個月 | 3.17768 | | 12 個月 | 3.17036 | 智通财经APP获悉，9月10日，港元拆息走势个别发展，隔夜息报2.60512%，跌1.095基点；一周拆息跌 6.916基点，报2.65417%，两周则跌4.571基点，报2.71768%。而与楼按相关的一个月拆息报3.08625%， 升4.256基点，连升4日。 反映银行资金成本的三个月拆息报3.16631%，升5.762基点。长息方面，六个月拆息升0.143基点，报 3.17768%，一年期则升0.143基点，报3.17036%。 ...

Group 1 - The Hong Kong interbank offered rates (HIBOR) showed a slight rebound on September 4, with the one-month HIBOR ending a four-day decline at 2.96702%, an increase of 11.738 basis points, marking the highest level since September 2 [1] - The three-month HIBOR, reflecting bank funding costs, rose to 3.07946%, up by 6.767 basis points [1] - Overnight HIBOR increased to 2.42179%, up by 11.881 basis points, while the one-week HIBOR rose by 10.548 basis points to 2.53881% [1] Group 2 - The two-week HIBOR increased by 7.399 basis points to 2.60423%, and the six-month HIBOR rose by 3.024 basis points to 3.1581% [1] - The one-year HIBOR saw an increase of 3.595 basis points, reaching 3.17482% [1] - The settlement rates for various tenors as of 11:15 AM on September 4 are provided, showing a range of rates from 2.42179% for overnight to 3.17482% for one year [2]

Group 1 - The Hong Kong interbank offered rates (HIBOR) have decreased across all tenors, indicating a decline in the cost of bank funding [1] - The one-month HIBOR is reported at 2.84964%, down by 29.852 basis points, marking a continuous decline for four days [1] - The three-month HIBOR stands at 3.01179%, with a decrease of 19.928 basis points [1] Group 2 - The overnight HIBOR is at 2.30298%, down by 58.381 basis points [1] - The one-week HIBOR has dropped by 67.988 basis points to 2.43333% [1] - The two-week HIBOR decreased by 60.595 basis points, now at 2.53024% [1] Group 3 - The six-month HIBOR is reported at 3.12786%, down by 8.625 basis points [1] - The one-year HIBOR has decreased by 7.149 basis points, now at 3.13887% [1]

Group 1 - The Hong Kong interbank offered rates (HIBOR) showed mixed developments on September 2, with the one-month HIBOR declining for three consecutive days to 3.14816%, marking a decrease of 0.529 basis points, the lowest since August 26 [1] - The three-month HIBOR increased to 3.21107%, rising by 1.881 basis points, the highest since August 29 [1] - The overnight HIBOR dropped significantly to 2.88679%, down by 176.035 basis points, while the one-week and two-week rates also fell to 3.11321% and 3.13619%, decreasing by 15.274 and 10.881 basis points respectively [1] Group 2 - The six-month HIBOR rose by 2.328 basis points to 3.21411%, and the one-year rate increased by 3.06 basis points to 3.21036% [1][2] - The two-month HIBOR was reported at 3.17125% [2]

Core Insights - The Hong Kong interbank offered rates (HIBOR) have generally decreased, with the one-month HIBOR dropping to 3.15345%, a decline of 14.31 basis points, marking the lowest level since August 26 [1] - The three-month HIBOR is reported at 3.19226%, down by 10.357 basis points [1] - The overnight rate has increased to 4.64714%, rising by 64.702 basis points, the highest since December 31, 2024 [1] Rate Summary - Overnight rate: 4.64714% [2] - One-week rate: 3.26595%, down by 34.81 basis points [1][2] - Two-week rate: 3.245%, down by 24.762 basis points [1][2] - One-month rate: 3.15345%, down by 14.31 basis points [1][2] - Three-month rate: 3.19226%, down by 10.357 basis points [1][2] - Six-month rate: 3.19083%, down by 7.869 basis points [1][2] - One-year rate: 3.17976%, down by 9.191 basis points [1][2]