HKD interbank rates fall broadly; one-month rate drops for second straight day to 2.737%, a more than seven-week low.

On October 15, HKD interbank rates fell broadly, with the one-month rate, which is linked to mortgage loans, reported at 2.73792%, down 1.208 basis points; the three-month rate, which reflects banks' funding costs, was reported at 3.30857%, up 0.071 basis points. The overnight rate was reported at 2.30357%, down 11.012 basis points; the one-week rate fell 1.154 basis points to 2.43054%, while the two-week rate dropped 3.744 basis points to 2.52982%. The two-month rate was unchanged at 3.01536%. In terms of longer tenors, the six-month rate fell 0.143 basis points to 3.47446%, while the one-year rate dropped 0.625 basis points to 3.96399%.