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Hong Kong's central bank raises its base rate by 75bps (follows Fed higher)

Hong Kong's central bank raises its base rate by 75bps (follows Fed higher)

Central Banks
By Eamonn Sheridan
27/07/2022 | 23:01 GMT

The Hong Kong Monetary Authority has increased its base rate by 75bps to 2.75%.

An as expected move following the FOMC decision Wednesday US time.

The HKD is pegged (in a band) to the USD. I posted this earlier in the week, still relevant:

usdhkd peg

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