Hong Kong Monetary Authority raises interest rates, tracking Fed move
An attendant walks outside the entrance to Hong Kong Monetary Authority in Hong Kong, China November 10, 2015. Picture taken November 10, 2015. REUTERS/Bobby Yip
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HONG KONG, Sept 17 : The Hong Kong Monetary Authority on Thursday raised its base interest rate charged via the overnight discount window by 25 basis points to 4.25 per cent, tracking a hike by the U.S. Federal Reserve.
Hong Kong’s monetary policy moves in lock-step with the United States as the city’s currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
Source: Reuters
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