The Hong Kong Monetary Authority Monday announced that the city's composite interest rate at the end of April 2013 remained at 0.25 percent.

The composite interest rate, which is a measure of the average cost of funds of banks, was unchanged at 0.25 percent at the end of April 2013, the same as its level at the end of March 2013.

Both the weighted funding costs for deposits and interbank funds were steady during the month, the authority said.