Hong Kong dollar interbank rates generally softened, with the one-month interbank rate hitting a nearly six-week low
On November 5th, the market is watching this week's U.S. presidential election and the Federal Reserve's interest rate decision, leading to a general decline in Hong Kong dollar interbank rates. Among them, the one-week interbank rate further dropped to 3.95077%, while the one-month interbank rate, related to mortgage loans, also fell for three consecutive days, reporting 4.05214%, hitting a nearly six-week low. However, the overnight rate rebounded by 5 basis points to 3.70964%. The three-month interbank rate, reflecting the cost of bank funds, also fell for three consecutive days, reporting 4.22845%, continuing to show the lowest level since September 30th. The six-month interbank rate remained unchanged, but the one-year rate dropped to 4.08583%, marking a new low in over a week
According to Zhitong Finance APP, on November 5th, the market is watching this week's U.S. presidential election and the Federal Reserve's interest rate decision, leading to a general decline in Hong Kong dollar interbank rates. The one-week interbank rate further dropped to 3.95077%, while the one-month interbank rate, related to mortgage loans, also fell for three consecutive days, reporting 4.05214%, hitting a nearly six-week low. However, the overnight rate rose by 5 basis points to 3.70964%.
The three-month interbank rate, reflecting the cost of bank funds, also fell for three consecutive days, reporting 4.22845%, continuing to show the lowest level since September 30th. The six-month interbank rate remained unchanged, but the one-year rate dropped to 4.08583%, marking a new low in over a week.
