Hong Kong Raises Interest Rate to 0.40%
Hong Kong | 17th May 2018
The Hong Kong Monetary Authority (HKMA) announced the composite interest rate at the end of April 2018. The composite interest rate, which is a measure of the average cost of funds of banks, increased by 2 basis points to 0.40% at the end of April 2018, from 0.38% at the end of March 2018.
” Hong Kong Raises Interest Rate to 0.40% “
The next data release is scheduled for 20 June 2018 and will provide the composite interest rate at the end of May 2018.
Official Press Release by Hong Kong Monetary Authority
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