Hong Kong and Taiwan Central Bank Rate Hikes
March 17, 2022
Officials at the Hong Kong Monetary Authority and Central Bank of the Republic of China (Taiwan) announced 25-basis point interest rate hikes in lockstep actions following the Federal Reserve’s similar move. After the first hike since December 2018, Hong Kong’s new base rate level will be 0.75%. Taiwan’s discount rate had been at 1.125% since a 25-basis point cut in March 2020 but now returns to 1.375%, and this move is meant to counter inflationary pressure. With a series of additional Federal Reserve rate hikes lying ahead, similar paths seemingly will be traced in Hong Kong and Taiwan.
Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of the Republic of China (Taiwan), Hong Kong Monetary Authoritiy
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