Published:
Composite interest rate stands pat at 0.25%
Here's what you must know.
According to the Monetary Authority, the composite interest rate was 0.25% at the end of April, matching its level at the end of March.
The composite interest rate is a weighted average interest rate of all Hong Kong dollar interest bearing liabilities, which include deposits from customers, amounts due to banks, negotiable certificates of deposit and other debt instruments, and Hong Kong dollar non-interest bearing demand deposits on the books of banks.
Data from retail banks, which account for about 90% of total customer deposits in the banking sector, are used in the calculation.
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