HKD HIBOR rates fall broadly; one-month rate drops for second straight day to 2.70%
On October 27, HKD HIBOR rates fell broadly, with the one-month rate, which is linked to mortgage loans, at 2.70000%, down 5.000 basis points.
On October 27, HKD HIBOR rates fell broadly, with the one-month rate, which is linked to mortgage loans, at 2.70000%, down 5.000 basis points; the three-month rate, which reflects banks' funding costs, was at 3.24054%, down 1.113 basis points.
The overnight rate was at 2.47893%, down 4.357 basis points; the one-week rate fell 10.167 basis points to 2.60476%, while the two-week rate fell 9.643 basis points to 2.62964%.
For longer tenors, the six-month rate fell 1.780 basis points to 3.48363%, while the one-year rate rose 0.071 basis points to 3.97512%.
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