HKD HIBOR develops mixed performance; one-month rate falls for fourth consecutive day to 2.70%, an over eight-week low.

On October 20, HKD HIBOR developed mixed performance, with the one-month HIBOR, which is related to mortgage loans, at 2.70446%, down 0.334 basis points; the three-month HIBOR, which reflects banks' funding costs, was at 3.28536%, down 0.035 basis points. The overnight rate was at 2.33411%, up 6.304 basis points; the one-week HIBOR rose 1.649 basis points to 2.43113%, while the two-week rate rose 7.256 basis points to 2.58792%. In terms of longer tenors, the six-month HIBOR rose 2.554 basis points to 3.50000%, while the one-year rate rose 2.107 basis points to 3.98506%.