Monetary Authority of Macau

Discount Window Base Rates cut by 64 Basis Points in Hong Kong and Macau

March 16, 2020

The interest rate policy of the Hong Kong Monetary Authority is subordinated to maintaining the Hong Kong Dollar parity against the U.S. dollar. The former British colony’s currency has been pegged at 7.8 per USD since October 1983, and this necessitates changes in the HKMA’s key interest rate whenever the FOMC’s federal funds target is […] More