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 From Hong Kong's Information Services Department
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May 19, 2010
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Banking
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Composite interest rate falls to 0.11%
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Monetary Authority

The composite interest rate fell one basis point to 0.11% at the end of April, from 0.12% at the end of March, the Monetary Authority says.

 

The fall was due to downward adjustments in longer-term interbank rates.

 

The month saw local interbank offering rates with maturities of one month or longer drop 0.7 to 1.9 basis points, except for the six-month rate which remained steady.

 

Past data of the composite interest rate is available from the authority's Monthly Statistical Bulletin.