Published 1 year ago

Hong Kong central bank raises interest rate by 0.75%, urging FRB to follow suit and pay attention to borrowing risks

Summary by Ground News

The Central Bank of the UAE (CBUAE) has decided to raise the base rate applicable to the overnight deposit facility (ODF) by 75 basis points. The rate was upped from 3.15 per cent to 3.90 per cent, effective from Thursday, November 3. The decision follows the US Federal Reserve’s announcement on November 2.

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Reuters

Hong Kong central bank raises interest rate by 0.75%, urging FRB to follow suit and pay attention to borrowing risks

[Hong Kong 3rd Reuters] - The Hong Kong Monetary Authority (HKMA, equivalent to the central bank) followed the US Federal Reserve (FRB) interest rate hike on the 3rd and raised the base interest rate, which is the policy interest rate, to 75 basis points (bp) The increase was set to 4.25%. Hong Kong has adopted a “dollar peg system,” which keeps the Hong Kong dollar in the range of 1 US dollar = 7.75-7.85 Hong Kong dollars, and its monetary poli…

1 year ago·United Kingdom

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Handelsblatt

Monetary policy: Norwegian central bank raises key interest rate by 0.25 percentage points

The Norwegian central bank is pointing to signs of a slowing economy and raising the key interest rate to 2.50 percent.

1 year ago·Düsseldorf, Germany

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Inquirer

Hong Kong central bank raises interest rate after Fed, warns of borrowing risks

The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 4.25 percent, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

1 year ago·Manila, Philippines

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American central bank raises interest rate again by 0.75%

This is the sixth high of the year, with the objective of containing inflation; the index is between 3.75% and 4%, the highest level since January 2008

1 year ago·Brazil

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E24

Norges Bank raises interest rates by 0.25 percentage points: — Many will get a tighter economy

Interest rates are most likely to be put up further in December to overturn inflation.

1 year ago·Oslo, Norway

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Gulf Business

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

1 year ago

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Hong Kong central bank raises interest rate by 0.75%, urging FRB to follow suit and pay attention to borrowing risks

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Hong Kong central bank raises interest rate by 0.75%, urging FRB to follow suit and pay attention to borrowing risks

Hong Kong central bank raises interest rate by 0.75%, urging FRB to follow suit and pay attention to borrowing risks

Monetary policy: Norwegian central bank raises key interest rate by 0.25 percentage points

Monetary policy: Norwegian central bank raises key interest rate by 0.25 percentage points

Hong Kong central bank raises interest rate after Fed, warns of borrowing risks

Hong Kong central bank raises interest rate after Fed, warns of borrowing risks

American central bank raises interest rate again by 0.75%

American central bank raises interest rate again by 0.75%

Norges Bank raises interest rates by 0.25 percentage points: — Many will get a tighter economy

Norges Bank raises interest rates by 0.25 percentage points: — Many will get a tighter economy

UAE Central Bank raises interest rate by 75 basis points

UAE Central Bank raises interest rate by 75 basis points

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