The Hong Kong Monetary Authority lifted its benchmark rate by 25 basis points on Thursday, following the policy announcement of the U.S. Federal Reserve a day earlier.
The HKMA adjusted the Base Rate upward to 5.25 percent from 5.00 percent with immediate effect.
The Federal Reserve raised its interest rate by 25 basis points on Wednesday and signaled that the tightening cycle is nearing an end. The bank is expected to lift the rate just one more time this year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.