HKD interbank rates mixed; one-month rate turns higher to 2.76%.
On October 12, Hong Kong dollar interbank rates were mixed, with the one-month rate, which is linked to mortgage loans, reported at 2.75810%, up 0.810 basis points.
On October 12, Hong Kong dollar interbank rates were mixed, with the one-month rate, which is linked to mortgage loans, reported at 2.75810%, up 0.810 basis points; the three-month rate, which reflects banks' funding costs, was reported at 3.28857%, up 0.286 basis points.
The overnight rate was reported at 2.91036%, up 69.274 basis points; the one-week rate fell 5.571 basis points to 2.48786%, while the two-week rate rose 0.369 basis points to 2.55964%. The two-month rate rose 1.089 basis points to 2.99946%.
In terms of long-term rates, the six-month rate fell 0.036 basis points to 3.52964%, while the one-year rate fell 0.589 basis points to 3.97917%.
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