Hong Kong and Macao Monetary Authorities
Hong Kong and Macau Rate Hikes Match Fed’s Action
March 23, 2023
Domestic monetary policy is subordinated to fixed exchange rate regimes at the Hong Kong Monetary Authority and the Macau Monetary Authority. The Hong Kong dollar has been pegged to the U.S. currencies since 1983, and Macau links its currency to Hong Kong’s. As a result, whenever the Federal Reserve changes its interest rate, the rates […] More
Central Bank Interest Rate Hikes and U.S. Data Clobber Share and Bond Prices, But Dollar Soars
December 15, 2022
No fewer than eight central banks have hiked interest rates today: the European Central Bank, Bank of England, Swiss National Bank, Bangko Sentral ng Pilipinas, and Hong Kong and Macau Monetary Authorities all by 50 basis points and matching the Fed’s action yesterday; the Bank of Norway by 25 basis points; and the Central Bank […] More
