The Hong Kong Monetary Authority raised 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 5.5 percent with immediate effect. The Federal Reserve had lifted the target range for the federal funds rate by 25 basis points to 5 to 5.25 percent, making the tenth straight rate hike.Hong...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.