Hong Kong Monetary Authoritiy
A U.S. Holiday and Many Central Bank Policy Reviews
June 19, 2025
In spite of the current U.S. govenment’s crusade against DEI, June 19 remains a federal holiday commemorating the end of slavery in 1865. Banks, the U.S. stock exchanges and non-essential federal offices are shut. In overnight trading abroad, the dollar rose 0.8% against the kiwi, 0.5% versus the Australian dollar, and 0.4% relative to the […] More
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 […] More
Previous Hong Kong Monetary Policy Reaffirmed: Key Rate to Stay at 0.5%
March 16, 2011
The Hong Kong Monetary Authority since 1983 has subordinated any semblance of an independent domestic monetary policy to the priority of fixing the former British colony’s currency at 7.78 per U.S. dollar. To do this, officials have been setting their base rate at a small premium relative to the federal funds rate. Policy meetings in […] More
