Hong Kong Monetary Authority Increase Base Rate by 0.25% to 1.75%
Hong Kong | 14th December 2017
The Hong Kong Monetary Authority (HKMA) adjusted the Base Rate from 1.50% to 1.75% with immediate effect. The interest rate is increased by 0.25% or 25 basis points (bps).
” HONG KONG CENTRAL BANK INCREASED BASE RATE FROM 1.50% TO 1.75% “
In the official press release by HKMA, ” The increase in the Base Rate follows the 25-basis point upward shift in the target range for the US federal funds rate on 13 December (US time).”
HKMA’s Base Rate is set according to a pre-set formula.
Official Press Release by Hong Kong Monetary Authority
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- About: Hong Kong Monetary Authority
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