Hong Kong Interest Rate  1998-2017 | Data | Chart | Calendar | Forecast

The Hong Kong Monetary Authority raised the base rate by 25 basis points to 1.25 percent on March 16th, 2017, tracking a similar move by the US Federal Reserve as its currency is pegged to the US dollar. Policymakers also said capital outflows will not pose challenge for the economy. The central bank sets its base rate through a formula that is 50 basis points above the prevailing US Fed Funds Target or the average of the five-day moving averages of the overnight and one-month HIBORS (Hong Kong Interbank Offered Rate), whichever is higher. Interest Rate in Hong Kong averaged 3.48 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 1.25 1.25 8.00 0.50 percent [+]
Interbank Rate 0.77 0.77 15.56 0.07 percent [+]
Money Supply M0 406663.00 405847.00 417173.00 8642.00 HKD Million [+]
Money Supply M1 2228810.00 2223228.00 2261225.00 5642.00 HKD Million [+]
Money Supply M2 12928850.00 12800929.00 12928850.00 14225.00 HKD Million [+]
Money Supply M3 12977811.00 12847844.00 12977811.00 138773.00 HKD Million [+]
Foreign Exchange Reserves 395548.00 395600.00 395600.00 38357.00 USD Million [+]
Banks Balance Sheet 21058870.00 20885665.00 21058870.00 307213.00 HKD Million [+]
Loans to Private Sector 8395123.00 8252458.00 8395123.00 100529.00 HKD Million [+]
Deposit Interest Rate 0.00 0.00 6.67 0.00 percent [+]


Hong Kong Interest Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.25 8.00 0.50 1998 - 2017 percent Daily



interest rate by Country

Last
Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 May/17
United States 1.00 May/17
Canada 0.50 May/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17