The Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.0% on June 18, 2026, in line with the U.S. Federal Reserve's decision to keep its target range at 3.5%–3.75% at its first policy meeting under new Chair Kevin Warsh. The decision reflects Hong Kong's Linked Exchange Rate System, which pegs the Hong Kong dollar within a 7.75–7.85 per U.S. dollar trading band, requiring local interest rates to track U.S. monetary policy closely regardless of domestic economic conditions. Despite higher borrowing costs, Hong Kong's economy has remained resilient. Annual GDP growth accelerated to a near five-year high of 5.9% in the first quarter of 2026, supported by firm domestic demand and resilient external trade, even as businesses continued to navigate geopolitical tensions and supply chain disruptions stemming from the Middle East conflict. source: Hong Kong Monetary Authority

The benchmark interest rate in Hong Kong was last recorded at 4 percent. Interest Rate in Hong Kong averaged 3.31 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 June 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 4.50 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 31975021.11 31610690.59 HKD Million Apr 2026
Foreign Exchange Reserves 446500.00 442100.00 USD Million May 2026
Interest Rate 4.00 4.00 percent Jun 2026
Loans to Private Sector 10496858.00 10440278.00 HKD Million Apr 2026
Money Supply M0 644611.00 642178.00 HKD Million Apr 2026
Money Supply M1 3414663.00 3317132.00 HKD Million Apr 2026
Money Supply M2 21112461.00 20819733.00 HKD Million Apr 2026
Money Supply M3 21158281.00 20864507.00 HKD Million Apr 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 Decision
The Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.0% on June 18, 2026, in line with the U.S. Federal Reserve's decision to keep its target range at 3.5%–3.75% at its first policy meeting under new Chair Kevin Warsh. The decision reflects Hong Kong's Linked Exchange Rate System, which pegs the Hong Kong dollar within a 7.75–7.85 per U.S. dollar trading band, requiring local interest rates to track U.S. monetary policy closely regardless of domestic economic conditions. Despite higher borrowing costs, Hong Kong's economy has remained resilient. Annual GDP growth accelerated to a near five-year high of 5.9% in the first quarter of 2026, supported by firm domestic demand and resilient external trade, even as businesses continued to navigate geopolitical tensions and supply chain disruptions stemming from the Middle East conflict.
2026-06-18
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 3.50%–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