The Hong Kong Monetary Authority (HKMA) announced today (Thursday) the composite interest rate at the end of August 2014.1
The composite interest rate, which is a measure of the average cost of funds of banks, decreased slightly by 3 basis points to 0.42% at the end of August 2014, from 0.45% at the end of July 2014 (see Chart 1 in the Annex). The decline in the composite interest rate in August reflected decreases in the weighted funding cost for both deposits and interbank funds (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 August 2014 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 17 October 2014 and will provide the composite interest rate at the end of September 2014.
Hong Kong Monetary Authority
18 September 2014
Annex
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End-of-period figures.