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Hong Kong Monetary Authority raises interest rates, tracking Fed move
The move keeps Hong Kong’s currency peg aligned with the Federal Reserve as higher U.S. rates push local borrowing costs up.
Summary by Channel News Asia
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4 Articles
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PressNewsAgencyHong Kong Monetary Authority raises interest rates, tracking Fed move
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 currenc
·Singapore, Singapore
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[Cable News] Following the US Federal Reserve's interest rate hike, the Hong Kong Monetary Authority (HKMA) has followed suit by raising its interest rate by 0.25%. The base rate on the discount window has increased from 4% to 4.25%.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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