HKD interbank rates show mixed development; one-month HIBOR falls for a fifth consecutive day to 2.90%.

On October 6, HKD interbank rates showed mixed development, with the one-month HIBOR, which is related to mortgage loans, reported at 2.90000%, down 4.220 basis points; the three-month HIBOR, which reflects banks' funding costs, was reported at 3.29143%, up 2.268 basis points. The overnight rate was reported at 2.35226%, down 37.167 basis points; the one-week HIBOR fell 13.131 basis points to 2.62607%, while the two-week rate fell 5.762 basis points to 2.71964%. Among longer tenors, the six-month HIBOR was unchanged at 3.52964%, while the one-year rate rose 0.072 basis points to 4.01423%.