Hong Kong Composite Interest Rate Remains Stable In January

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Monday, the Hong Kong Monetary Authority or HKMA announced that the composite interest rate , which is a measure of the average cost of funds of banks, stood at 0.11% at the end of January, unchanged from the previous month.

In January, time deposit rates and HIBORs declined slightly, the HKMA said.

The composite interest rate for end of February is due on March 18.

Monday, the Hong Kong Monetary Authority or HKMA announced that the composite interest rate , which is a measure of the average cost of funds of banks, stood at 0.11% at the end of January, unchanged from the previous month. (Market News Provided by RTTNews)