According to the Hong Kong Monetary Authority, the composite interest rate reflecting the average funding cost of banks was 2.61% at the end of May, a decrease of 4 basis points from the end of April. The decrease in the composite interest rate mainly reflects a decrease in the weighted funding cost of deposits during the month.
港5月綜合利率跌至2.61厘
The composite interest rate in Hong Kong fell to 2.61 percent in May.
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