091119en03003

	news.gov.hk
	From Hong Kong's Information Services Department

November 19, 2009

Banking

Composite interest rate remains at 0.13%

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.