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Hong Kong's central bank follows the Fed and raises its base rate 50bp to 4.75%

Hong Kong's central bank follows the Fed and raises its base rate 50bp to 4.75%

The Hong Kong Monetary Authority is Hong Kong's central bank. The HKMA is very quick to follow the Federal Reserve in hiking ratesThis 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.

This article was written by Eam... Read More
Posted: Dec 14 2022, 23:34
Author Name: forexlive
Views: 111539

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