HKD interbank rates show mixed developments; one-month rate reverses losses to rise to 2.68%.

On November 3, HKD interbank rates showed mixed developments. The one-month rate, which is linked to mortgage loans, was quoted at 2.68000%, up 0.250 basis points; the three-month rate, which reflects banks' funding costs, was quoted at 3.21399%, up 0.851 basis points. The overnight rate was quoted at 2.34333%, down 10.715 basis points; the one-week rate fell 7.512 basis points to 2.40000%, while the two-week rate fell 0.208 basis points to 2.52893%. In terms of longer tenors, the six-month rate fell 1.232 basis points to 3.42179%, while the one-year rate fell 1.279 basis points to 3.90685%.