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
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
