Hong Kong dollar interbank rates have seen a significant increase across the board, with one-month rates halting their two consecutive declines.
On October 20th, Hong Kong dollar interest rates rebounded across the board, except for the six-month term which continued to decline.
According to the Dolphin Research APP, on October 20th, Hong Kong dollar interbank rates rebounded almost across the board, with only the six-month rate continuing to decline. Among them, the overnight rate rose to 4.48655%. The one-month rate, which is related to property mortgages, also halted its two-month decline and rebounded from a five-week low to 4.90768%.
The three-month interbank rate, which reflects the cost of bank funds, slightly increased to 5.20619%, maintaining a spread of 47 basis points with the USD LIBOR rate for the same period. As for longer-term rates, the one-year rate was reported at 5.45304%, while the six-month rate fell to 5.30429%.
