Composite Interest Rate: End of October 2024

The Hong Kong Monetary Authority (HKMA) reported a decrease in the composite interest rate to 2.30% at the end of October 2024, down from 2.35% in September 2024. 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/2024/11/20241119-4/