The Hong Kong Monetary Authority followed the US Federal Reserve's interest rate hike, the first since 2023. The Hong Kong Monetary Authority issued a statement on Thursday to raise the benchmark interest rate by 25 basis points to 4.25%. The Hong Kong Monetary Authority is simultaneously following up on the Federal Reserve's policy to maintain the linked exchange rate system between the Hong Kong dollar and the US dollar. The market is currently watching the adjustment plans to be announced by the major banks in Hong Kong later in the day, including changes in the best lending rate. In Hong Kong, the best loan interest rate is the pricing benchmark for bank mortgage loans, so even if the benchmark interest rate is tightened, banks can still influence credit and borrowing needs by adjusting this interest rate.

The Hong Kong Monetary Authority followed the US Federal Reserve's interest rate hike, the first since 2023. The Hong Kong Monetary Authority issued a statement on Thursday to raise the benchmark interest rate by 25 basis points to 4.25%. The Hong Kong Monetary Authority is simultaneously following up on the Federal Reserve's policy to maintain the linked exchange rate system between the Hong Kong dollar and the US dollar. The market is currently watching the adjustment plans to be announced by the major banks in Hong Kong later in the day, including changes in the best lending rate. In Hong Kong, the best loan interest rate is the pricing benchmark for bank mortgage loans, so even if the benchmark interest rate is tightened, banks can still influence credit and borrowing needs by adjusting this interest rate.