Hong Kong dollar interbank rates fall across the board, with interest rates falling for two consecutive days.

On October 9th, the Hong Kong dollar interbank rates all fell, with the one-month interbank rate related to property mortgages dropping to 3.52036%, down 3.381 basis points for two consecutive days. The three-month interbank rate, which reflects the cost of bank funds, fell to 3.5931%, down 2.404 basis points. The overnight rate fell to 3.41917%, down 4.297 basis points; the one-week interbank rate dropped by 8.042 basis points to 3.44631%, while the two-week rate fell by 6.155 basis points to 3.47321%. In terms of longer-term rates, the six-month interbank rate fell by 2.42 basis points to 3.41532%, while the one-year rate dropped by 1.637 basis points to 3.37054%.