HKD interbank rates diverge; one-month rate falls for a seventh straight day to 2.76%, a more than six-week low.

On October 8, HKD interbank rates moved in mixed directions, with the one-month rate linked to mortgage loans reported at 2.76494%, down 7.411 basis points; the three-month rate, which reflects banks' funding costs, was reported at 3.29816%, up 2.798 basis points. The overnight rate was reported at 2.16821%, up 12.488 basis points; the one-week interbank rate rose 0.530 basis points to 2.38679%, while the two-week rate rose 2.321 basis points to 2.50000%. The two-month interbank rate fell 3.155 basis points to 2.99970%. On longer tenors, the six-month interbank rate rose 1.185 basis points to 3.54149%, while the one-year rate fell 0.071 basis points to 4.00000%.