HKD interbank rates fall broadly; one-month rate reverses gains to 2.75%.

On October 14, HKD interbank rates fell broadly, with the one-month rate, which is linked to mortgage loans, reported at 2.75000%, down 1.327 basis points; the three-month rate, which reflects banks' funding costs, was reported at 3.30786%, down 0.143 basis points. The overnight rate was reported at 2.41369%, down 15.238 basis points; the one-week rate fell 8.774 basis points to 2.44208%, while the two-week rate dropped 3.720 basis points to 2.56726%. The two-month rate fell 0.143 basis points to 3.01536%. In terms of longer tenors, the six-month rate fell 1.994 basis points to 3.47589%, while the one-year rate rose 0.060 basis points to 3.98024%.