
The composite interest rate rose to 0.75% at the end of August from July’s 0.58%, the Monetary Authority announced today.
It said the rise reflected increases in the weighted funding cost for deposits and interbank funds during the month.
The composite interest rate is a measure of the average cost of funds of banks.

The Chinese New Year Home Visit Programme co-ordinated by the Home Affairs Department continued today with principal offi...

Principal officials of the Government will pay visits to grassroots families in different districts for three consecutive...

Overall consumer prices rose 2% in December 2022 year-on-year, a larger increase than 1.8% in November 2022, the Census &...

Financial Secretary Paul Chan entered the last day of his visit to Davos in Switzerland yesterday for the ...