One-month HIBOR slides to three-month low

Business | 2 Oct 2019 2:01 pm

The Hong Kong Interbank Offered Rates fell on the first trading day of the fourth quarter, with the overnight HIBOR ending a five-day rise, dropping 1.66 percent to 1.3818 percent.

The one-month HIBOR, which is linked to the mortgage rate, slid by 4.8 basis points to 1.8361 percent, hitting a three-month low. The one-week HIBOR dropped by 68.1 basis points to 1.5464 percent, while the two-week HIBOR fell to 1.586 percent.

In terms of long-term rates, the six-month HIBOR dropped to 2.3139 percent, and one-year HIBOR decreased to 2.3388 percent.

Meanwhile, the Hong Kong dollar slightly rose to 7.8419 against the US dollar as of 1:30pm.

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