HKD interbank rates diverge; one-month rate falls for a third day to 2.97%.
On October 2, HKD interbank rates showed mixed developments, with the one-month rate, which is linked to mortgage loans, reported at 2.96839%, down 3.679 basis points;
On October 2, HKD interbank rates moved in mixed directions, with the one-month rate, which is linked to mortgage loans, reported at 2.96839%, down 3.679 basis points; the three-month rate, which reflects banks' funding costs, was reported at 3.24482%, up 0.315 basis points.
The overnight rate was reported at 2.80929%, down 127.821 basis points; the one-week interbank rate fell 34.524 basis points to 2.93274%, while the two-week rate dropped 18.262 basis points to 2.90786%.
In terms of long-term rates, the six-month interbank rate fell 0.815 basis points to 3.53000%, while the one-year rate was unchanged at 4.01351%.
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