20 Mar Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation
Posted at 23:04h
in Asia
The HKMA has followed the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency peg’s to the US dollar. The HKMA has held its base rate at current level after raising it 11 times...