HKMA holds base interest rate at 4%, following Fed as war inflation worries persist

About this episode

The HKMA has maintained the base interest rate at 4% in response to inflation concerns linked to the US-Israel war with Iran.

Hong Kong’s monetary authority has held its base interest rate steady, following the lead of the US Federal Reserve, as analysts said the inflationary impact of the US-Israel war with Iran had reduced the chances of a rate cut this year. The city’s base rate would stay at 4 per cent, the Hong Kong Monetary Authority (HKMA) said on Thursday, hours after the US Federal Reserve kept its target rate in the range of 3.5 to 3.75 per cent following the third meeting of the Federal Open Market Committee...

Topics covered

• interest rates
• monetary policy
• inflation
• US-Israel war
• economic impact

Keywords

• HKMA
• interest rate
• inflation
• US Federal Reserve
• monetary policy

Mentioned in this episode

Organizations: Hong Kong Monetary Authority, US Federal Reserve

Places: Hong Kong, US, Israel, Iran

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