The Composite Interest Rate of Hong Kong ¡V A New Data Series

Market Research Division
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Market Research Division: Research Department, Hong Kong Monetary Authority

No 526, Working Papers from Hong Kong Monetary Authority

Abstract: The HKMA has undertaken to compile and publish a new data series on the composite interest rate to improve interest rate risk management of the banking sector. The new series is being introduced following research which concluded that a composite interest rate reflecting movements in various deposit rates, interbank and other interest rates closely tracked the average cost of funds of authorized institutions over the past six years. The first data from the new series can be seen on the HKMA website and are reproduced in this article.

Pages: 4 pages
Date: 2005-12
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http://www.info.gov.hk/hkma/eng/research/RM26-2005.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:hkg:wpaper:0526

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