---
title: "Hong Kong dollar interbank rates generally softened, with the one-month interbank rate hitting a nearly six-week low"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/218798161.md"
description: "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"
datetime: "2024-11-05T06:01:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/218798161.md)
  - [en](https://longbridge.com/en/news/218798161.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/218798161.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/218798161.md) | [繁體中文](https://longbridge.com/zh-HK/news/218798161.md)


# Hong Kong dollar interbank rates generally softened, with the one-month interbank rate hitting a nearly six-week low

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.

![754d73e7-374d-4ea8-9842-b971ca6e6981.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20241105/1730785529317930.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

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