Pedestrians at the Exchange Square in Hong Kong’s Central district, where the city’s bourse is located, on 11 July 2022. Photo: EPA-EFE
Pedestrians at the Exchange Square in Hong Kong’s Central district, where the city’s bourse is located, on 11 July 2022. Photo: EPA-EFE

Hong Kong raises base rate to 2.75 per cent in lockstep with US Fed’s 75-basis point hike

  • The HKMA’s chief executive Eddie Yue Wai-man warned of more interest rate increases in the coming months, urging borrowers to be aware of risks
  • Hong Kong’s monetary policy has been run in lockstep with the Fed ever since the local currency was pegged to the US dollar in 1983

Pedestrians at the Exchange Square in Hong Kong’s Central district, where the city’s bourse is located, on 11 July 2022. Photo: EPA-EFE
Pedestrians at the Exchange Square in Hong Kong’s Central district, where the city’s bourse is located, on 11 July 2022. Photo: EPA-EFE
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