Hong Kong holds base rate at 4.25% after US Federal Reserve decision
The Hong Kong Monetary Authority (HKMA) announced on Thursday that it would keep its base rate unchanged at 4.25 per cent, hours after the US Federal Reserve also decided to hold its benchmark rate steady. The city’s de facto central bank often mirrors steps taken by the US Fed as the Hong Kong’s currency is pegged to the US dollar. In September, it followed the Fed in raising its key interest rate by a quarter of a percentage point – the first such increase since 2023. The US Federal Open...
SCMP · Business · 1h ago
