Hong Kong's composite interest rate dips in Aug
(Xinhua) Updated: 2012-09-20 09:46HONG KONG -- The composite interest rate was down one basis point to 0.39 percent at the end of August in Hong Kong, from 0.4 percent at the end of July, the Hong Kong Monetary Authority said here Wednesday.
The decline mainly reflected a decrease in the weighted funding costs for deposits, it said.
The composite interest rate is an average cost of funds of banks.
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