On October 17, 2024, the Hong Kong Monetary Authority (HKMA) reported that the composite interest rate decreased by 17 basis points to 2.35% at the end of September 2024, down from 2.52% in August. This decline was primarily due to a reduction in the weighted funding cost for deposits. Historical data on the composite interest rate is available on the HKMA website.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241017-4/