HKD HIBOR generally decline; one-month rate falls for fifth straight day to 2.68%, a more than two-month low.
On October 21, HKD HIBOR generally declined, with the one-month HIBOR, which is related to mortgage loans, reported at 2.67917%, down 2.529 basis points.
On October 21, HKD HIBOR generally declined, with the one-month HIBOR, which is related to mortgage loans, reported at 2.67917%, down 2.529 basis points; the three-month HIBOR, which reflects banks' funding costs, reported at 3.26744%, down 1.792 basis points.
The overnight rate reported at 2.34476%, up 1.065 basis points; the one-week HIBOR fell 3.113 basis points to 2.40000%, while the two-week rate fell 2.959 basis points to 2.55833%.
In terms of long-term rates, the six-month HIBOR fell 1.065 basis points to 3.48935%, while the one-year rate rose 0.357 basis points to 3.98863%.
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