The Hong Kong dollar interbank interest rates all fell, with the one-month interbank interest rate falling for three consecutive days to 3.16131%.

On November 5th, the Hong Kong Dollar Interbank Offered Rate (HIBOR) fell across the board, with the overnight rate dropping by 22.227 basis points to 2.57464%. The one-week HIBOR also fell by 28.702 basis points to 2.78929%, while the two-week rate dropped by 26.154 basis points to 2.8681%. The one-month HIBOR, which is related to mortgage rates, fell for three consecutive days to 3.16131%, a decrease of 15.369 basis points, reaching an eight-week low. The three-month HIBOR, which reflects bank funding costs, fell by 7.53 basis points to 3.45286%. On the longer end of the yield curve, the six-month HIBOR dropped by 2.416 basis points to 3.39191%, while the one-year rate fell by 2.917 basis points to 3.35702%.