Hong Kong SAR (China) - Lending Rate





Hong Kong SAR (China): Lending Rate

Mnemonic IRLEND.IHKG
Unit % p.a, NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Feb 2024 5.88
Jan 2024 5.88

Series Information

Source Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)
Release Hong Kong Dollar Interest Rates
Frequency Monthly
Start Date 1/31/1980
End Date 2/29/2024

Hong Kong SAR (China): Markets

Reference Last Previous Units Frequency
Stock Market Index 15 Mar 2024 16,720 16,961 Index, NSA Business Daily
Lending Rate Feb 2024 5.88 5.88 % p.a, NSA Monthly
Money Market Rate Feb 2024 4.97 5.13 % p.a., NSA Monthly
Treasury Bills (over 31 days) Feb 2024 4.02 4.02 % p.a., NSA Monthly

Release Information

Savings and time deposit rates are the simple average of interest rates quoted by ten major licensed banks for HK dollar deposits of less than 100,000. The monthly average time deposit rates for maturities of 1-week, 1-month, 3-month, 6-month and 12-month, and savings deposit rate are disseminated.

Both the savings and time deposit rates are interest rates offered by banks for their customer deposits.

Compilation practices: The interest rates are quoted as percent per annum. Arithmetic mean is generally adopted as the method of calculating average interest rates.

Data is revised when new data becomes available.