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HKMA: End-Jan Composite Interest Rate Drops to 2.16%
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The Hong Kong Monetary Authority (HKMA) announced today (19th) that the composite interest rate, which is a measure of the average cost of funds of banks, decreased by 8 bps to 2.16% at the end of January 2025, from 2.24% at the end of December 2024. The decrease in composite interest rate reflected the decreases in the weighted funding cost for deposits and interbank funds during the month. AAStocks Financial News |
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