The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) the composite interest rate at the end of July 2015.1
The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 3 basis points to 0.26% at the end of July 2015, from 0.29% at the end of June 2015 (see Chart 1 in the Annex). The decline in the composite interest rate in July mainly reflected decrease in the weighted funding cost for deposits (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 July 2015 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 17 September 2015 and will provide the composite interest rate at the end of August 2015.
Hong Kong Monetary Authority
19 August 2015