HKMA Raises Base Rate to 4.25% After Fed Hike as Hong Kong Banks Hold Lending Rates

The Hong Kong Monetary Authority raised its base interest rate by 25 basis points to 4.25% on Thursday, following the US Federal Reserve’s decision to increase borrowing costs as concerns over inflation remain elevated. The move marks the first increase in Hong Kong’s base rate since July 2023 and underscores the constraints imposed by the […]

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