In October, Hong Kong's CPI rose by 1.4% year-on-year and increased by 2.2% month-on-month.
In October 2024, Hong Kong's overall consumer prices increased by 1.4% compared to the same month last year, which is lower than the corresponding increase in September 2024 (2.2%).
U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.
IMF Says Egypt Program Review Talks to Continue After 'Progress'
PBOC Leaves Loan Prime Rates Unchanged in November
At the end of October, Hong Kong's composite interest rate fell to 2.3%.
The Hong Kong Monetary Authority announced that the comprehensive interest rate reflecting the average funding cost of banks was 2.3% at the end of October, a decrease of 5 basis points from the 2.35% at the end of September. The decrease in the comprehensive interest rate mainly reflects the reduction in the weighted funding cost of deposits within the month.
Hong Kong's Unemployment Rate Rises to 3.1% in August-October