On the retail front, with three consecutive 25-basis points cuts in US policy rate (September, reduced their Best Lending Rates twice, by a total review period.35 The three-month CNH HIBOR of 25.0 basis points between September and has remained below 2% since April 2025. While period, the Best Lending Rates in the market fluctuations, it mostly traded below 2% (Chart ranged from 5.00%-5.50%. During the review 4.6). Liquidity conditions in the CNH interbank period, the average lending rate for new mortgages increased from 2.40% in July 2025 to 3.47% in September, then fell to 3.26% in January 2026. The mortgage rate dynamics to the Best Lending Rate in late August, along with the rebound of 1-month HIBOR. Banks will their deposit and lending rates, taking into demand, interest rate levels, and their own banks, reminding them to properly manage their liquidity, including keeping in close contact with funding plans and arrangements. This helps banks to plan and avoid any hoarding of HKD. tapping into its liquidity facilities. Indeed, banks liquidity facilities whenever required. Recent use See section 2.2 of Chapter 2 for developments in offshore