The Hong Kong Monetary Authority (HKMA) announced today (Tuesday) the composite interest rate at the end of October 2019.1
The composite interest rate, which is a measure of the average cost of funds of banks, increased by 2 basis points to 1.04% at the end of October 2019, from 1.02% at the end of September 2019 (see Chart 1 in the Annex). The increase in composite interest rate reflected increase in the weighted funding cost for deposits during the month (see Chart 2 in the Annex).2
The historical data of the composite interest rate from the end of the fourth quarter of 2003 to the end of October 2019 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 19 December 2019 and will provide the composite interest rate at the end of November 2019.
Read More: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2019/11/20191119-4/