HKMA raises base rate by a quarter point to 4.25%, the first increase since 2023
Hong Kong’s de facto central bank increased its base rate by a quarter of a percentage point on Thursday after the US Federal Reserve raised the federal funds target range to rein in inflation amid conflict in the Middle East. The Hong Kong Monetary Authority (HKMA) raised the city’s base rate to 4.25 per cent hours after the Fed lifted its target to a range of 3.75 per cent to 4 per cent after…
We haven't written up this one. SCMP Business has the full story — the link below goes straight to it.
