The Hong Kong Monetary Authority (HKMA) announced today (Monday) the composite interest rate at the end of December 2014.1
The composite interest rate, which is a measure of the average cost of funds of banks, increased slightly by 1 basis point to 0.39% at the end of December 2014, from 0.38% at the end of November 2014 (see Chart 1 in the Annex). The rise in the composite interest rate in December reflected increases 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 December 2014 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 23 February 2015 and will provide the composite interest rate at the end of January 2015.
Hong Kong Monetary Authority
19 January 2015
Annex