HKD HIBOR falls across the board; one-month rate reverses from gains to losses at 2.75%

On October 26, HKD HIBOR fell across the board, with the one-month HIBOR, which is related to mortgage payments, at 2.75000%, down 2.893 basis points; the three-month HIBOR, which reflects banks' funding costs, was at 3.25167%, down 0.166 basis points. The overnight rate was at 2.52250%, down 20.167 basis points; the one-week HIBOR fell 0.565 basis points to 2.70643%, while the two-week rate fell 3.744 basis points to 2.72607%. On longer tenors, the six-month HIBOR rose 2.560 basis points to 3.50143%, while the one-year rate rose 1.423 basis points to 3.97441%.