HKMA Stands Firm on Base Rate Amidst Caution Over US Economic Indicators
Wednesday, 20 March 2024, 23:04
HKMA Maintains Base Rate
The HKMA has decided to keep its base interest rate at 5.75%, following a series of hikes since March 2022. This decision comes in light of the recent focus on US inflation by the Federal Reserve and the potential impact on global economies.
Background
- The base rate remains at its highest level since December 2007.
- This steady stance is a departure from the previous trend of consecutive rate hikes by the HKMA.
Conclusion
Overall, the decision to maintain the base rate reflects a cautious approach by the HKMA amidst economic uncertainties and signals from the Federal Reserve.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.