On May 18, the Hong Kong Interbank Offered Rate (HIBOR) displayed varied trends across different tenors. The overnight rate settled at 2.42464%, down by 0.613 basis points. The one-week rate decreased by 1.25 basis points to 2.5%, while the two-week rate rose by 1.233 basis points to 2.6%.
The one-month HIBOR, which is linked to mortgage rates, fell by 1.262 basis points to 2.62619%, marking its third consecutive day of decline. The three-month rate, reflecting banks' funding costs, edged up by 0.143 basis points to 2.88458%.
In the longer-term segment, the six-month rate remained unchanged at 3%, while the one-year rate increased by 1.94 basis points to 3.18363%.
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