The Hong Kong Monetary Authority tightened its monetary policy on Thursday, in tandem with the decision of the US Federal Reserve.
The HKMA adjusted the Base Rate upwards to 5.00 percent from 4.75 percent with immediate effect.
The Federal Reserve had raised the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent on Wednesday. The latest hike came after the central bank raised rates by 75 basis points in November and by 50 basis points in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.