Wednesday, January 26, 2011

HKMA Holds Base Rate At 0.50%

The Hong Kong Monetary Authority (HKMA) held its base rate at 0.50% in line with the US Federal Open Market Committee's decision to hold monetary policy settings unchanged. The Hong Kong Dollar is pegged against the US dollar, thus the HKMA generally follows the monetary policy settings of the US Federal Reserve in setting its own monetary policy rates.


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