The Hong Kong Monetary Authority (HKMA) announced today (Friday) the composite interest rate at the end of March 2015.1
The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 3 basis points to 0.33% at the end of March 2015, from 0.36% at the end of February 2015 (see Chart 1 in the Annex). The decline in the composite interest rate in March 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 March 2015 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 19 May 2015 and will provide the composite interest rate at the end of April 2015.
Hong Kong Monetary Authority
17 April 2015
Annex
End-of-period figures.
End-of-period figures.