Hong Kong dollar interbank offered rates fell across the board today, with one-month Hibor hitting a nearly one-year low.

Golden Ten Data reported on April 2 that today, the Hong Kong dollar interbank interest rate fell across the board. The one-month Hibor related to property mortgages fell for five consecutive days, down 13.84 basis points to 3.4872%, the lowest since May 2, 2023, and reported 3.41071% on the same day. Overnight Hibor fell to 2.88119%, the lowest since March 27; The one-week Hibor fell to 3.1244%, the lowest since March 19; The two-week Hibor fell to 3.22107%, the lowest since September 4, 2023. In early March and after the Fed's interest rate meeting, the Hong Kong dollar interbank rate has continued to rise. Now it has continued to turn downward. Today, on the eve of Trump's tariffs, it fell sharply. Analysts believe that this is the market's reaction to global uncertainty. As the risk increases, investors' demand for capital may tend to decline, so the interbank rate will fall.