HKD interbank rates fall across the board; one-month rate reverses gains to 2.64%, a more than two-month low

On November 4, HKD interbank rates fell across the board, with the one-month rate, which is linked to mortgage payments, at 2.63982%, down 4.018 basis points; the three-month rate, which reflects banks' funding costs, was at 3.18601%, down 2.798 basis points. The overnight rate was at 2.22655%, down 11.678 basis points; the one-week rate fell 5.952 basis points to 2.34048%, while the two-week rate fell 5.452 basis points to 2.47441%. On longer tenors, the six-month rate fell 6.048 basis points to 3.36131%, while the one-year rate fell 5.715 basis points to 3.84970%.