Hong Kong Monetary Authority: The composite interest rate as of the end of October was 2.30%, a decrease of 5 basis points compared to the previous month.

On November 19th, the Hong Kong Monetary Authority announced the composite interest rate as of the end of October 2024. The composite interest rate, which reflects the average funding cost of banks, was 2.30 per cent at the end of October 2024, a decrease of 5 basis points from 2.35 per cent at the end of September 2024. The decrease in the composite interest rate mainly reflects the decrease in the weighted funding cost of deposits within the month.