The Hong Kong Monetary Authority kept its base rate unchanged at 4.0% on March 19, 2026, in lockstep with the Federal Reserve, which earlier held its target range at 3.00%–3.75%. The decision reflects Hong Kong’s strict alignment with the U.S. under the Linked Exchange Rate System, where the local dollar is pegged at 7.75–7.85 to the greenback, causing domestic rates to largely mirror U.S. monetary policy regardless of local conditions. Analysts noted that ongoing tensions in the Middle East have heightened uncertainty over the timing and pace of potential rate cuts this year. Despite the steady policy stance, Hong Kong’s economy remains resilient, with annual GDP growth accelerating to a two-year high of 3.8% in Q4 2025, supported by firm consumption, solid trade, and a continued rebound in inbound tourism, indicating underlying momentum even as external risks persist. source: Hong Kong Monetary Authority

The benchmark interest rate in Hong Kong was last recorded at 4 percent. Interest Rate in Hong Kong averaged 3.30 percent from 1998 until 2026, reaching an all time high of 8.00 percent in May of 2000 and a record low of 0.50 percent in December of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The benchmark interest rate in Hong Kong was last recorded at 4 percent. Interest Rate in Hong Kong is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Interest Rate is projected to trend around 4.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-18 01:00 AM
Interest Rate Decision
4.5% 4.75%
2025-10-30 12:00 AM
Interest Rate Decision
4.25% 4.5% 4.25%
2025-12-11 01:00 AM
Interest Rate Decision
4.0% 4.25% 4.0%


Related Last Previous Unit Reference
Banks Balance Sheet 31606316.31 31305047.35 HKD Million Feb 2026
Foreign Exchange Reserves 442100.00 430800.00 USD Million Apr 2026
Interest Rate 4.00 4.00 percent Apr 2026
Loans to Private Sector 10440278.00 10302290.00 HKD Million Mar 2026
Money Supply M0 642178.00 649083.00 HKD Million Mar 2026
Money Supply M1 3317132.00 3343979.00 HKD Million Mar 2026
Money Supply M2 20819733.00 20775858.00 HKD Million Mar 2026
Money Supply M3 20864507.00 20819286.00 HKD Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 8.00 0.50 1998 - 2026 percent Daily

News Stream
Hong Kong Holds Base Rate at 4% After Fed Move
The Hong Kong Monetary Authority kept its base rate unchanged at 4.0% on March 19, 2026, in lockstep with the Federal Reserve, which earlier held its target range at 3.00%–3.75%. The decision reflects Hong Kong’s strict alignment with the U.S. under the Linked Exchange Rate System, where the local dollar is pegged at 7.75–7.85 to the greenback, causing domestic rates to largely mirror U.S. monetary policy regardless of local conditions. Analysts noted that ongoing tensions in the Middle East have heightened uncertainty over the timing and pace of potential rate cuts this year. Despite the steady policy stance, Hong Kong’s economy remains resilient, with annual GDP growth accelerating to a two-year high of 3.8% in Q4 2025, supported by firm consumption, solid trade, and a continued rebound in inbound tourism, indicating underlying momentum even as external risks persist.
2026-04-30
Hong Kong Holds Base Rate at 4% After Fed Decision
The Hong Kong Monetary Authority kept its base rate unchanged at 4.0% on March 19, 2026, in lockstep with the Federal Reserve, which earlier held its target range at 3.00%–3.75%. The decision reflects Hong Kong’s strict alignment with the U.S. under the Linked Exchange Rate System, where the local dollar is pegged at 7.75–7.85 to the greenback, causing domestic rates to largely mirror U.S. monetary policy regardless of local conditions. Analysts noted that ongoing tensions in the Middle East have heightened uncertainty over the timing and pace of potential rate cuts this year. Despite the steady policy stance, Hong Kong’s economy has shown resilience. Annual GDP growth accelerated to a two-year high of 3.8% in Q4 2025, supported by firm household consumption, solid trade performance, and continued recovery in inbound tourism, suggesting underlying momentum remains intact even as external risks persist.
2026-03-19
Hong Kong Maintains Base Rate at 4% After Fed Move
The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged at 4.0% on January 29, 2026, following the U.S. Federal Reserve’s decision hours earlier to hold its target range at 3%–3.75%. Set via the overnight discount window, the move underscores Hong Kong’s tight policy alignment with the U.S. under the Linked Exchange Rate System, which pegs the local dollar at 7.75–7.85. As a result, domestic rates largely track U.S. policy regardless of local conditions. The decision came amid signs of recovery in the city's economy, where housing prices rose for the seventh straight month in December and gained 3% in 2025, the first annual outperformance in four years. In Q3 2025, economic growth accelerated to 3.8% yoy from 3.1% in Q2, the fastest pace in nearly two years, supported by resilient consumption, steady exports, and a rebound in tourism.
2026-01-29