HKD HIBOR falls across the board; one-month rate drops for a second straight day to 2.58%, a more than two-month low.
On November 5, HKD HIBOR fell across the board, with the one-month rate, which is linked to mortgage payments, at 2.57893%, down 6.089 basis points.
On November 5, HKD HIBOR fell across the board, with the one-month rate, which is linked to mortgage payments, at 2.57893%, down 6.089 basis points; the three-month rate, which reflects banks' funding costs, was at 3.15000%, down 3.601 basis points.
The overnight rate was at 2.20143%, down 2.512 basis points; the one-week HIBOR fell 8.340 basis points to 2.25708%, while the two-week rate fell 10.000 basis points to 2.37441%.
On longer tenors, the six-month HIBOR fell 5.732 basis points to 3.30399%, while the one-year rate fell 4.024 basis points to 3.80946%.
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UK economic resilience combined with rate hike expectations has pushed the pound to its strongest level since 2016, with the market betting on two more hikes this year.
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