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Traditional ChineseSimplified ChineseText onlyPDARSS
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November 19, 2009
Banking
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Composite interest rate remains at 0.13%
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Monetary Authority

The composite interest rate remained at 0.13% at the end of October, the Monetary Authority announced today.

 

Deputy Chief Executive Peter Pang said the composite interest rate stayed steady during the month.

 

"Abundant liquidity in the banking system continued to keep banks' average cost of funds at a low level," he said.

 

Time deposit rates remained unchanged, while interbank rates dropped four to 10 basis points.

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