The composite interest rate dropped to 2.13% at the end of March from February’s 2.17%, the Monetary Authority announced today.
It said the dip mainly reflected a decrease in the weighted funding cost for deposits during the month.
The composite interest rate is a measure of the average cost of funds of banks.
Secretary for Culture, Sports & Tourism Rosanna Law will depart tomorrow for a visit to the United Arab Emirates (UAE...
Chief Executive John Lee attended the Hong Kong Investment Promotion Conference - Zhejiang (Ningbo) Forum & Ningbo-Ho...
Acting Chief Executive Paul Lam today met members of a visiting ASEAN-China Joint Cooperation Committee delegation.
Chief Executive John Lee today met leaders of Zhejiang Province, visited local medical facilities, and engaged in in-dept...