Hong Kong Monetary Authority: Composite interest rate dropped by 35 basis points to 1.26% at the end of June.

On July 18th, the Hong Kong Monetary Authority announced the composite rate as of the end of June 2025. The composite rate, which reflects the average funding cost of banks, was 1.26% at the end of June 2025, a decrease of 35 basis points from 1.61% at the end of May 2025. The decline in the composite rate mainly reflects a decrease in the weighted funding cost of deposits within the month.