After the US Federal Reserve Agency announced 25 basis points on Wednesday (July 26), the Hong Kong HKMA announced on Thursday (27th) that the basic interest rate was raised to 5.75 % according to the preset formula, and it took effect immediately.
According to the Hong Kong News Agency, the Hong Kong Monetary Administration said that in responseThe average five -day movement average of interest rates in the industry is 4.78%, so according to the preset formula, the basic interest rate is set at 5.75%.
This is the 11th rate hike since the Federal Reserve entered the rate hike cycle in March 2022, with a cumulative interest rate hike of 525 basis points.Fed Chairman Powell said that the possibility of continuing interest rate hikes in September does not think that interest rates will be reduced this year.
Basic interest rates are the basic interest rates that are used to calculate the discounted trading when repurchase trading.At present, the basic interest rate is scheduled to increase the lower limit of the current US Federal Fund interest rate target range, or the average of the five -day movement average of the five -day movement of the Hong Kong bank interbank interbank overnight and one month is prevailing.
