The Hong Kong Monetary Authority (HKMA) announced today (Friday) the composite interest rate at the end of September 2013.1
The composite interest rate, which is a measure of the average cost of funds of banks, was unchanged at 0.32% at the end of September 2013, same as its level at the end of August 2013 (see Chart 1 in the Annex). Both the weighted funding cost for deposits and interbank funds remained steady during the month (see Chart 2 in the Annex).
The historical data of the composite interest rate from the end of the fourth quarter of 2003 to the end of September 2013 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 19 November 2013 and will provide the composite interest rate at the end of October 2013.
Hong Kong Monetary Authority
18 October 2013
Annex
End-of-period figures.
End-of-period figures.