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%).
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.
India Finance Minister Says Bank Rates Should Be More Affordable
Hong Kong's Unemployment Rate Rises to 3.1% in August-October
India's Total Exports Rise 19% in October; Trade Deficit Narrows to $10.12 Billion
The governor of the Reserve Bank of india warns that the risk of global inflation returning is increasingly significant.
The Reserve Bank of india governor Shaktikanta Das stated that central banks have successfully achieved a soft landing during a period of "continuous and unprecedented shocks", but the risks of returning global inflation and slowing economic growth still exist.