HKD interbank rates show mixed development; one-month rate reverses decline to rise, reported at 2.75%.

On October 22, HKD interbank rates showed mixed development, with the one-month rate, which is related to mortgage loans, reported at 2.74500%, up 6.583 basis points; the three-month rate, which reflects banks' funding costs, reported at 3.25405%, down 1.339 basis points. The overnight rate reported at 2.62250%, up 27.774 basis points; the one-week rate rose 23.018 basis points to 2.63018%, while the two-week rate rose 14.881 basis points to 2.70714%. In terms of long-term rates, the six-month rate fell 0.143 basis points to 3.48792%, while the one-year rate fell 1.077 basis points to 3.97786%.