Interest rates on Hong Kong dollars in the interbank market generally fell, with the one-month interest rate rising and then falling to 3.38%.

On November 3rd, the Hong Kong dollar interbank rates generally decreased, while the one-month interbank rate related to the property market reversed its trend and dropped to 3.38173%, a decrease of 4.738 basis points. The three-month interbank rate, which reflects the cost of bank funds, dropped to 3.54095%, a decrease of 0.804 basis points. The overnight rate was 3.0381%, a decrease of 81.857 basis points; the one-week interbank rate dropped by 18.47 basis points to 3.25607%, while the two-week interbank rate dropped by 12.441 basis points to 3.2575%. As for longer-term rates, the six-month interbank rate dropped by 0.661 basis points to 3.44095%, and the one-year rate dropped by 1.494 basis points to 3.38583%.