HK's composite interest rate down to 0.36 pct in Jan.
HONG KONG, Feb. 23 (Xinhua) -- The Hong Kong Monetary Authorityannounced on Monday that the composite interest rate decreased bythree basis points to 0.36 percent at the end of January 2015, from0.39 percent at the end of December 2014.
According to the authority, the decline in the compositeinterest rate, which is a measure of the average cost of funds ofbanks, in January reflected decreases in the weighted funding costfor both deposits and interbank funds. Enditem
