Hong Kong Monetary Authority
Base rate
4.00%
as of 2025-12-11
Next meeting
Jun 17
T-21d
The Hong Kong Monetary Authority is the central banking institution of Hong Kong, mandated to maintain currency stability under the Linked Exchange Rate System that pegs the Hong Kong dollar to the US dollar at 7.75–7.85. The HKMA Base Rate is set by formula — 50 basis points above the lower bound of the US federal funds target range, or the five-day moving average of overnight and 1-month HIBORs, whichever is higher — and is therefore adjusted in lockstep with US Fed decisions rather than on a fixed domestic schedule.
Next Policy Trigger
Tracks FOMC
HKMA has no fixed domestic meeting calendar — its Base Rate adjusts in lockstep with US Federal Reserve decisions under the Linked Exchange Rate System. Next FOMC meeting: Jun 17.
View Fed scheduleHKMA Base Rate updates follow the FOMC announcement (next-day Hong Kong time). Source: official central bank schedules.
Base rate
4.00%
As of 2025-12-11
Firm Coverage
Reports referencing HKMA across covered research desks
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