Category Fraud Alerts HK

The Hong Kong Monetary Authority (HKMA) announced today (Monday) the composite interest rate at the end of November 2020.1

The composite interest rate, which is a measure of the average cost of funds of banks, increased by 1 basis point to 0.30% at the end of November 2020, from 0.29% at the end of October 2020 (see Chart 1 in the Annex). The increase in composite interest rate mainly reflected increases 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 November 2020 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk).

 

Hong Kong Monetary Authority
21 December 2020

 

Annex

Chart 1

End-of-period figures.

 

Chart 2

End-of-period figures.


[ad_2]

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. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944