Composite Interest Rate: End of November 2024

The Hong Kong Monetary Authority (HKMA) announced that the composite interest rate at the end of November 2024 decreased by 10 basis points to 2.20%, down from 2.30% at the end of October. This decrease was primarily due to a reduction in the weighted funding cost for deposits during the month. Historical data on the composite interest rate is available in the HKMA’s Monthly Statistical Bulletin.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/12/20241219-4/