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The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points

The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points
The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points.Base Rate has been set at 5.5% with immediate effectThis follows the Federal Open Market Committee (FOMC) doing so earlier:Forexlive Americas FX news wrap 3 May: Damn the Fed hike. USD/rates move lower after hikeThe HKMA operate a peg for the HKD against the USD. Its rate policies follow the Fed's. You can see the upper and lower limits of the USD/HKD band clearly below: This article was writ... Read More
Posted: May 4 2023, 00:05
Author Name: forexlive
Views: 102743

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