HKD interbank rates show mixed moves; one-month rate reverses gains to 2.71%

On October 30, HKD interbank rates showed mixed moves. The one-month rate, which is linked to mortgage loans, was quoted at 2.70923%, down 0.571 basis points; the three-month rate, which reflects banks' funding costs, was quoted at 3.21256%, down 0.143 basis points. The overnight rate was quoted at 2.77464%, up 27.464 basis points; the one-week rate fell 0.809 basis points to 2.66923%, while the two-week rate fell 3.369 basis points to 2.65381%. In terms of longer tenors, the six-month rate fell 1.637 basis points to 3.45732%, while the one-year rate fell 1.566 basis points to 3.94095%.