The Hong Kong Monetary Authority is Hong Kong's central bank. The HKMA is very quick to follow the Federal Reserve in hiking rates
This time, no different.
- base rate up 50 bp to 4.75%
The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below. If not, I've added some arrows as a hint.
ps. US stocks trading higher on Globex after the soft close.
