The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) the composite interest rate at the end of May 2013.1
The composite interest rate, which is a measure of the average cost of funds of banks, increased slightly by 1 basis point to 0.26% at the end of May 2013, from 0.25% at the end of April 2013 (see Chart 1 in the Annex). The rise in the composite interest rate in May mainly 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 May 2013 are available in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk). The next data release is scheduled for 18 July 2013 and will provide the composite interest rate at the end of June 2013.
Hong Kong Monetary Authority
19 June 2013