One-month Hibor drops

Business | 11 May 2020 2:43 pm

The Hong Kong interbank offered rate generally fell today with one-month and three-month rates dropping to more-than-two-year low.

The one-month Hibor, a benchmark of the local mortgage rate, slid by 9.51 basis points to 0.74875 percent, the lowest since May 2008. That means Hibor-linked mortgage rates in major local banks would drop below 2 percent, easing repayment burdens for some homebuyers.

The three-month Hibor also fell about 8 basis points to 1.23 percent. 

 

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