HKMA raises benchmark rate to 4.25% in first hike since 2023

Bloomberg · yesterday
  • The Hong Kong Monetary Authority lifted its benchmark rate by 25 basis points to 4.25%, its first increase since 2023, according to a Thursday statement.
  • The HKMA moves in lockstep with the Federal Reserve to protect the Hong Kong dollar's peg to the greenback.
  • The rate hike threatens a Hong Kong property recovery that has been unfolding since last year.

Quotes

The HKMA lifted its benchmark by 25 basis points to 4.25%, according to a statement on Thursday.Bloomberg News

Sources