Hong Kong Monetary Authority Keeps Base Rate Steady at 5.75% Following Fed's Caution on US Inflation

Wednesday, 20 March 2024, 23:04

The Hong Kong Monetary Authority (HKMA) has decided to maintain its base rate at 5.75%, after multiple previous increases, in line with the Federal Reserve's vigilance over potential U.S. inflation decline. The recent decision reflects cautious economic outlooks and a need for stability in the face of global uncertainties. This move signals ongoing attention to monetary policy alignment with international developments and economic indicators, emphasizing the balance between growth sustainability and inflation management in the region.

https://store.livarava.com/6b1d064a-e70e-11ee-968d-5254a2021b2b.jpe — Hong Kong Monetary Authority Keeps Base Rate Steady at 5.75% Following Fed's Caution on US Inflation

Hong Kong Monetary Authority Keeps Base Rate at 5.75%

The HKMA has decided to maintain its base rate at 5.75%, following previous increases over the past year. This decision comes in the wake of the Federal Reserve's stance on monitoring U.S. inflation trends and potential risks. The HKMA's move signals a commitment to stability amidst global economic uncertainties.

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.

Hong Kong Monetary Authority Keeps Base Rate at 5.75%

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