The Hong Kong Monetary Authority on Thursday raised its base interest rate applied through the overnight discount window by 25 basis points to 4.25%, marking its first rate hike since 2023, according to an official statement.
The increase took effect immediately under a pre-set formula, mirroring the US Federal Reserve's decision on Wednesday to raise its target range for the federal funds rate.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.