Hong Kong Interest Rate  1998-2018 | Data | Chart | Calendar | Forecast

The Hong Kong Monetary Authority raised its benchmark base rate by 25bps to 1.75 percent on December 14th 2017. It follows a similar 25bps rise in the US federal funds rate in the previous day. Hong Kong has its currency pegged to the dollar. The base rate is currently set at either 50 basis points above the lower end of the prevailing target range for the US federal funds rate or the average of the five-day moving averages of the overnight and one-month Hong Kong Interbank Offered Rates (HIBORs), whichever is the higher. Interest Rate in Hong Kong averaged 3.41 percent from 1998 until 2017, reaching an all time high of 8 percent in May of 2000 and a record low of 0.50 percent in December of 2008.

Hong Kong Interest Rate
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Hong Kong Money Last Previous Highest Lowest Unit
Interest Rate 1.75 1.50 8.00 0.50 percent [+]
Interbank Rate 1.22 1.22 15.56 0.07 percent [+]
Money Supply M0 430380.08 427913.20 430380.08 8642.00 HKD Million [+]
Money Supply M1 2458476.00 2997256.90 2997256.90 5642.00 HKD Million [+]
Money Supply M2 13667144.00 13951534.80 13951534.80 14225.00 HKD Million [+]
Money Supply M3 13720969.30 14003063.50 14003063.50 138773.00 HKD Million [+]
Foreign Exchange Reserves 431300.00 422100.00 431300.00 38357.00 USD Million [+]
Banks Balance Sheet 22507446.98 22930698.55 22930698.55 307213.00 HKD Million [+]
Loans to Private Sector 9204660.33 9489329.32 9489329.32 100529.00 HKD Million [+]
Deposit Interest Rate 0.00 0.00 6.67 0.00 percent [+]

Hong Kong Interest Rate

In Hong Kong the interest rates decisions are taken by the Hong Kong Monetary Authority (HKMA). The main interest rate is Base rate, adjusted with accordance to the Hong Kong dollar’s demand or supply. This page provides the latest reported value for - Hong Kong Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Interest Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.50 8.00 0.50 1998 - 2017 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Jan/18
Russia 7.75 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Jan/18
Australia 1.50 Dec/17
South Korea 1.50 Jan/18
United States 1.50 Dec/17
Canada 1.25 Jan/18
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Dec/17
Switzerland -0.75 Dec/17