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HKMA Raises Base Rate to 4.25% After Fed Hike
Vera
By Vera
Markets Editor
The Hong Kong Monetary Authority raised its Base Rate by 25 basis points to 4.25% with immediate effect, following the Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More’s increase under the linked ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More-rate system. It was Hong Kong’s first base-rate rise since July 2023. Chief Executive Eddie Yue said the Hong Kong–U.S. rate differential could widen and carry trades could push the local CurrencyDefinition A currency is a form of money used to pay for goods and services, measure value, and transfer purchasing power between people and businesses. Examples include t...Read More toward the weak side of its TradingTaking positions over a shorter horizon to capture price movement. The work is managing risk and decisions, not simply being right.Read More band, while banks will determine their own rates based on funding conditions and costs.
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