Hong Kong dollar interbank rates have all dropped, with one-month rates ending a four-month rise.

On October 22nd, the Hong Kong dollar interbank interest rates all decreased, with the one-month interbank rate related to property loans dropping by 13.226 basis points to 3.53185%, ending a four-day consecutive increase; the three-month interbank rate reflecting bank funding costs dropped by 6.911 basis points to 3.61768%. The overnight interbank rate was at 3.17595%, down by 66.596 basis points; the one-week interbank rate dropped by 25.036 basis points to 3.49571%, while the two-week interbank rate dropped by 15.417 basis points to 3.62327%. In terms of longer-term rates, the six-month interbank rate fell by 3.369 basis points to 3.41066%, and the one-year rate fell by 2.232 basis points to 3.30756%.