Author: keeley05u32
Hong Kong – Composite Interest Rate: End of February 2021
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced today (March 18) the composite interest rate at the end of February 2021. (Note 1) The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 1 basis point to 0.23 per cent at the end of February 2021, from 0.24 per cent at the end of January 2021 (see Chart 1 in the Annex). The decrease in composite interest rate mainly reflected a decrease in the weighted funding cost for deposits ... Read more