Hong Kong Dollar Interbank Rates Mixed as One-Month HIBOR Reverses Course, Reported at 2.71%

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Hong Kong dollar interbank rates showed mixed movements on October 30, with the one-month HIBOR, which is linked to mortgage rates, reported at 2.70923%, down 0.571 basis points. The three-month HIBOR, which reflects banks' funding costs, was reported at 3.21256%, down 0.143 basis points.

The overnight rate was reported at 2.77464%, up 27.464 basis points. The one-week HIBOR fell 0.809 basis points to 2.66923%, while the two-week rate dropped 3.369 basis points to 2.65381%.

As for longer-term rates, the six-month HIBOR declined 1.637 basis points to 3.45732%, and the one-year rate fell 1.566 basis points to 3.94095%.

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