The Hong Kong Monetary Authority (HKMA) announced today (Thursday) the composite interest rate at the end of April 2021.1

The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 1 basis point to 0.21% at the end of April 2021, from 0.22% at the end of March 2021 (see Chart 1 in the Annex). The decrease in composite interest rate mainly reflected a decrease 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 April 2021 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk).

 

Hong Kong Monetary Authority
20 May 2021

 

Annex

Chart 1

End-of-period figures.

 

Chart 2

End-of-period figures.




Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters.
Digitpol can assist with all stages of cyber related incidents.

Contact Digitpol’s hotlines or respond to us online.

ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944

Write a comment:
*

Your email address will not be published.