Hong Kong dollar interbank interest rates are moving upwards across the board, with the one-month rate reaching a two-week high.

On October 20th, the Hong Kong dollar interbank rates rose across the board, with the one-month interbank rate related to mortgage loans rising for three consecutive days, increasing by 4.69 basis points to 3.57857%, reaching the highest level since October 6th. The three-month interbank rate, which reflects the cost of bank funds, stood at 3.60613%, up by 1.44 basis points. The overnight rate was 3.78393%, up by 16.869 basis points; the one-week interbank rate increased by 16.786 basis points to 3.69976%, while the two-week interbank rate rose by 18.048 basis points to 3.71238%. For longer-term rates, the six-month interbank rate rose by 0.143 basis points to 3.4306%, and the one-year rate increased by 0.084 basis points to 3.33024%.