Please find below a chart for the base rate, Hong Kong Monetary Authority (HKMA) main interest rate. The chart begins in 2003.
The HKMA conducts its monetary policy by raising or lowering the base rate (reference for overnight refinancing operation with banks).
Since 1983, the Central Bank of Hong Kong has for mandate to maintain the currency board with the US dollar. Consequently, the HKMA monetary policy is not independent and is closely linked to the Fed. The HKMA does not have a target for inflation.
The HKMA conducts its monetary policy by raising or lowering the base rate (reference for overnight refinancing operation with banks).
Since 1983, the Central Bank of Hong Kong has for mandate to maintain the currency board with the US dollar. Consequently, the HKMA monetary policy is not independent and is closely linked to the Fed. The HKMA does not have a target for inflation.
Hong Kong Monetary Authority interest rate
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