Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority (HKMA), speaking at the Treasury Markets Summit 2018 in Central on September 21, 2018. Photo: Jonathan Wong

Hong Kong’s de facto central bank raises base interest rate by 25 points for fourth time this year in lockstep with US monetary policy

  • Hong Kong Monetary Authority’s move is in lockstep with US Federal Reserve’s overnight action to maintain the local dollar’s peg to the US dollar
  • Relief for mortgage holders as banks say they will not raise their best lending rates
Topic |   Global interest rates

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Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority (HKMA), speaking at the Treasury Markets Summit 2018 in Central on September 21, 2018. Photo: Jonathan Wong
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.