HKD HIBOR rises across the board; 1-month rate up for a third straight day at 2.99%, hitting another more than two-month high.

On September 25, HKD HIBOR rose across the board, with the one-month HIBOR, which is linked to mortgage loans, at 2.99048%, up 3.357 basis points; the three-month HIBOR, which reflects banks' funding costs, was at 3.23339%, up 2.910 basis points. The overnight rate was at 2.72786%, up 1.119 basis points; the one-week HIBOR rose 7.726 basis points to 3.20071%, while the two-week rate rose 6.553 basis points to 3.07839%. The two-month HIBOR rose 4.971 basis points to 3.12060%. In terms of long-term rates, the six-month HIBOR rose 1.423 basis points to 3.51423%, while the one-year rate rose 3.625 basis points to 3.97988%. HIBOR rose across the board for a second consecutive day, with the one-month rate up for a third straight day at 2.99048%, hitting another more than two-month high.