Hong Kong Monetary Authoritiy

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‚Äôs 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