Hong Kong raises rate and Taiwan holds
Decisions come a day after Fed’s 50bp rate cut
Hong Kong’s de facto central bank today (September 19) cut its base rate by 50 basis points to 5.25%. Meanwhile, Taiwan’s central bank left its key rates unchanged.
Hong Kong’s monetary policy closely tracks that of the US. The territory’s currency is pegged to the US dollar in a tight range of between HK$7.75 and HK$7.85.
Howard Lee, the acting chief executive of the Hong Kong Monetary Authority (HKMA), said the territory’s rate-cutting cycle had only just begun and that interest rates would
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Norges Bank holds rates and hints at easing path in 2025
Central bank says core inflation of more than 3% precludes cuts this year
Brazil raises policy rate by 25bp in unanimous decision
Central bank defies global easing cycle as domestic inflation remains above target
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
Bank Indonesia announces surprising rate cut
Central bank aiming to boost growth amid stable inflation and global easing cycle
Serbia follows ECB with 25bp rates cut
Central bank cites slowing domestic and global inflationary trends for its decision
Russia hikes rates by 100bp
Central bank says growth in demand for goods and services still “significantly outstrips” supply
Peru cuts rates by 25bp for second successive month
Policy rates among lowest in Latin America amid cooling domestic inflation
ECB cuts rates by 25bp
Eurozone growth projections revised downwards as German economy slows