, Hong Kong

Hong Kong’s composite interest rate surges to 0.24%

Upward adjustments of the weighted deposit rate and interbank rates prompted the surge.

The composite interest rate increased by four basis points to 0.24% at the end of March, from 0.2% at the end of February, the Monetary Authority announced Tuesday.

The rise reflected upward adjustments of the weighted deposit rate and interbank rates.

During March, Hong Kong Interbank Offered Rates with maturities of one week or longer increased by one to six basis points, while the overnight HIBOR remained steady.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!