Hong Kong's composite interest rate at the end of May was 2.20%, up 10 basis points from the previous month.

[Hong Kong's composite interest rate at the end of May was 2.20% up 10 basis points] the Hong Kong Monetary Authority today announced the composite interest rate at the end of May 2023. The composite interest rate, which reflects the average cost of capital of banks, was 2.20 per cent, up 10 basis points from 2.10 per cent at the end of April 2023. The rise in composite interest rates reflected an increase in the weighted cost of capital for deposits and interbank funds during the month.