Composite interest rate falls

2020-09-21 23:33:33

The composite interest rate fell to 0.41% at the end of August from July?s 0.53%, the Monetary Authority announced today.

It said the drop reflected decreases in the weighted funding cost for deposits in the month.

The composite interest rate is a measure of the average cost of funds of banks.

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Sponsors	Link Details Composite interest rate falls 2020-09-21 23:33:33 The composite interest rate fell to 0.41% at the end of August from July?s 0.53%, the Monetary Authority announced today. It said the drop reflected decreases in the weighted funding cost for deposits in the month. The composite interest rate is a measure of the average cost of funds of banks. Read Full Article