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The composite interest rate in Hong Kong declined slightly by one basis points to 0.15 percent at the end of August from 0.16 percent at the end of July, the Hong Kong Monetary Authority said Thursday.
This followed a decline of three basis points in July.
"The decline in the composite interest rate was brought about by downward adjustments in inter bank and time deposit rates. Ample liquidity in the banking system continued to underpin the decline in the average cost of funds of banks," it said.
The composite interest rate is a measure of the average cost of funds of the banks.
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