Hong Kong Dollar HIBOR Rates Mostly Decline, One-Month Rate at 2.3%

Gate News message, April 15 — Hong Kong dollar interbank offered rates (HIBOR) declined across most tenors on April 15. The one-month HIBOR, which is linked to mortgage rates, fell 1.327 basis points (bps) to 2.29649%. The three-month rate, reflecting banks' funding costs, dropped 0.702 bps to 2.44792%.

Other short-term rates also moved lower: overnight HIBOR fell 21.024 bps to 2.28476%, one-week HIBOR declined 6.922 bps to 2.30304%, and two-week HIBOR dropped 2.947 bps to 2.28101%.

Longer-term rates moved higher: six-month HIBOR rose 0.512 bps to 2.69958%, while the one-year rate increased 0.381 bps to 3.02917%.