share_log

Hong Kong Raises Benchmark Interest Rate by 25 Basis Points Following Fed Tightening

Moomoo 24/7 ·  Mar 22, 2023 20:00  · Markets

The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points on Thursday, following the lead of the Federal Reserve which hiked rates even as the unfolding bank crisis sent jitters through financial markets.

The base rate was increased to 5.25% from 5%, according to a statement from the HKMA on Thursday. 

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment