TC

18/07/2019 17:20

HK composite interest rate rises 11 bp to 0.95% end-June

[ET Net News Agency, 18 July 2019] The Hong Kong Monetary Authority (HKMA) said the
composite interest rate, which is a measure of the average cost of funds of banks,
increased by 11 basis points to 0.95% at the end of June 2019, from 0.84% at the end of
May 2019.
The increase in composite interest rate reflected increases in the weighted funding cost
for both deposits and interbank funds during the month. (RC)

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