Hong Kong Monetary Authority raises interest rates, tracking Fed move
TLT•Hong Kong raises base rate after Fed move
The Hong Kong Monetary Authority on Thursday raised its base interest rate charged via the overnight discount window by 25 basis points to 4.25%, tracking a hike by the U.S. Federal Reserve.
Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
