The Hong Kong Monetary Authority announced today the composite interest rate for the end of September 2024. The composite interest rate, which reflects the bank's average cost of capital, was 2.35% at the end of September 2024, down 17 basis points from 2.52 percent at the end of August 2024. The decline in comprehensive interest rates mainly reflects a reduction in weighted capital costs for monthly deposit payments.

Zhitongcaijing · 10/17 09:17
The Hong Kong Monetary Authority announced today the composite interest rate for the end of September 2024. The composite interest rate, which reflects the bank's average cost of capital, was 2.35% at the end of September 2024, down 17 basis points from 2.52 percent at the end of August 2024. The decline in comprehensive interest rates mainly reflects a reduction in weighted capital costs for monthly deposit payments.