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The composite interest rate fell to 1.35% at the end of February, from 1.68% at the end of January, the Monetary Authority says.
Following a drop of 61 basis points in January, the fall in February's composite interest rate reflected mainly downward adjustments of savings and time-deposit rates.
The authority's Deputy Chief Executive Peter Pang said the composite interest rate will continue to be influenced by changes in US interest rates and domestic liquidity conditions.
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