HK's composite interest rate falls to 0.11%

20:40, May 19, 2010      

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Hong Kong's composite interest rate falls to 0.11 percent at the end of April, one basis point lower than at the end of March, the Monetary Authority said Wednesday.

The fall was due to downward adjustments in longer-term interbank rates, the agency said.

In April, local interbank 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.

Source: Xinhua

(Editor:祁澍文)

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