HKMA keeps base rate at 5.75%

It said that the high interest rate environment could persist for some time.

The Hong Kong Monetary Authority (HKMA) has retained its base rate at 5.75% following the US Fed’s announcement to keep the federal funds rate unchanged at 5.25 to 5.5%.

“The high interest rate environment may last for some time,” HKMA said.

“The financial and monetary markets of Hong Kong continue to operate in a smooth and orderly manner,” it said.

Additionally, HKMA said the Hong Kong dollar exchange rate remains stable, but interbank rates are expected to stay high.

Moreover, it advised the public to prudently evaluate risks when making financial decisions such as property purchases, mortgages, or other borrowings.

Follow the link for more news on

Hong Kong Monetary Authority

Also Read

Hang Seng Bank launches $80b green financing solutions fund

Paragon Capital appoints Arthur Fong as CEO, Faye Ng as COO

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

4 in 5 workers report improved well-being with hybrid work

Due to its benefits, 80% strongly prefer a hybrid work setup.

HR & Education

59 minutes ago

Hongkong Land debuts new shopping mall in Chengdu

The mall is Hongkong Land's first development in the city.

Commercial Property

1 hour ago

Hang Seng Bank launches $80b green financing solutions fund

The bank also launched green assessment and knowledge advocacy programmes.

Financial Services

1 hour ago

SetupHK launches $1 Company Setup Programme to attract startups

The programme offers licenses and permits assistance, amongst others.

Markets & Investing

2 hours ago

Exclusives

Y.X blends work and play with VR gaming and study spaces at Y83

Y83 is the first student accommodation in Hong Kong to include a VR gaming area. ACKNOWLEDGING that play is essential during and outside school, operator Y.X ensures its accommodations support student residents in balancing their studies with leisure time by providing gaming facilities.

Residential Property

1 hour ago

Klook expands content creation programme as influencers drive travel bookings