Hong Kong Monetary Authority: The composite interest rate at the end of December 2024 is 2.24%, an increase of 4 basis points compared to the previous month.

On January 17, the Hong Kong Monetary Authority announced the composite interest rate at the end of December 2024. The composite interest rate, which reflects the average funding cost for banks, was 2.24% at the end of December 2024, an increase of 4 basis points from 2.20% at the end of November 2024. The rise in the composite interest rate mainly reflects an increase in the weighted funding cost of deposits within the month.