On July 18th, the Hong Kong Monetary Authority announced the composite interest rate for the end of June 2024.
Zhì tōng cái jīng APP learned that on July 18th, the Hong Kong Monetary Authority announced the composite interest rate for the end of June 2024. The composite interest rate, which reflects the average cost of bank funding, rose 1 basis point to 2.62% at the end of June 2024, compared with 2.61% at the end of May 2024. The rise in the composite interest rate mainly reflects the increase in weighted funding cost of deposits during the month.