[ET Net News Agency, 18 September 2014] The Hong Kong Monetary Authority said today the
composite interest rate, which is a measure of the average cost of funds of banks,
decreased slightly by 3 basis points to 0.42% at the end of August, from 0.45% at the end
of July.
The decline in the composite interest rate in August reflected decreases in the weighted
funding cost for both deposits and interbank funds. (HL)