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

The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 5 basis points to 0.36% at the end of September 2020, from 0.41% at the end of August 2020 (see Chart 1 in the Annex). The decrease in composite interest rate mainly reflected decreases 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 September 2020 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk).

 

Hong Kong Monetary Authority
19 October 2020

 

Annex

Chart 1

End-of-period figures.

 

Chart 2

End-of-period figures.




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