Hong Kong Reduces Base Rate by 25 Basis Points to Lowest Since 2022

MT Newswires Live12-19

Hong Kong slashed its base rate by 25 basis points to 4.75% from 5% effective immediately, according to a Thursday press release by the Hong Kong Monetary Authority.

Hong Kong's base rate is the lowest since 2022, according to China Daily.

The city's de facto central bank said the base rate reduction is in accordance with a pre-set formula following the US Federal System's 25-basis-point rate reduction.

The base rate is set at either 50 basis points higher than the lower end of the prevailing target range for US federal funds rate or the average of the five-day moving averages of the overnight and one-month HIBOR, whichever is higher.

Hong Kong's monetary policy has been in lockstep with the Fed since 1983 to keep the Hong Kong dollar's exchange rate stable.

The Hang Seng slid 1% during Thursday's morning trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492917151?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 11:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492917151","market":"nz","top_or_hot":-1,"title":"Hong Kong Reduces Base Rate by 25 Basis Points to Lowest Since 2022","media":"MT Newswires Live","content":"<html><body><p> Hong Kong slashed its base rate by 25 basis points to 4.75% from 5% effective immediately, according to a Thursday press release by the Hong Kong Monetary Authority.</p><p>Hong Kong's base rate is the lowest since 2022, according to China Daily.</p><p>The city's de facto central bank said the base rate reduction is in accordance with a pre-set formula following the US Federal System's 25-basis-point rate reduction.</p><p>The base rate is set at either 50 basis points higher than the lower end of the prevailing target range for US federal funds rate or the average of the five-day moving averages of the overnight and one-month HIBOR, whichever is higher.</p><p>Hong Kong's monetary policy has been in lockstep with the Fed since 1983 to keep the Hong Kong dollar's exchange rate stable.</p><p>The Hang Seng slid 1% during Thursday's morning trading.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Reduces Base Rate by 25 Basis Points to Lowest Since 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Reduces Base Rate by 25 Basis Points to Lowest Since 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 11:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong slashed its base rate by 25 basis points to 4.75% from 5% effective immediately, according to a Thursday press release by the Hong Kong Monetary Authority.Hong Kong's base rate is the lowest...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MCH","symbol_name":"小H股指","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492917151","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492917151","pubTimestamp":1734578512,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong slashed its base rate by 25 basis points to 4.75% from 5% effective immediately, according to a Thursday press release by the Hong Kong Monetary Authority.Hong Kong's base rate is the lowest since 2022, according to China Daily.The city's de facto central bank said the base rate reduction is in accordance with a pre-set formula following the US Federal System's 25-basis-point rate reduction.The base rate is set at either 50 basis points higher than the lower end of the prevailing target range for US federal funds rate or the average of the five-day moving averages of the overnight and one-month HIBOR, whichever is higher.Hong Kong's monetary policy has been in lockstep with the Fed since 1983 to keep the Hong Kong dollar's exchange rate stable.The Hang Seng slid 1% during Thursday's morning trading.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"513600":"恒生指数ETF","PCOM":"Points International","HSI":"恒生指数","BK4122":"互联网与直销零售","02833":"恒指ETF"},"translate_title":"香港将基准利率下调25个基点至2022年以来最低水平","themeId":"3d0002c9621082fbfb48eff559f2fbfe","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"513600":0.6,"PCOM":1,"HSI":0.9,"US10Y.BOND":0.71,"US12M.BOND":0.71,"US2Y.BOND":0.71,"US30Y.BOND":0.71,"US3Y.BOND":0.71,"US5Y.BOND":0.71,"US6M.BOND":0.71,"US7Y.BOND":0.71,"02833":0.6,"HHImain":0.6,"MCHmain":0.6},"content_text":"Hong Kong slashed its base rate by 25 basis points to 4.75% from 5% effective immediately, according to a Thursday press release by the Hong Kong Monetary Authority.Hong Kong's base rate is the lowest since 2022, according to China Daily.The city's de facto central bank said the base rate reduction is in accordance with a pre-set formula following the US Federal System's 25-basis-point rate reduction.The base rate is set at either 50 basis points higher than the lower end of the prevailing target range for US federal funds rate or the average of the five-day moving averages of the overnight and one-month HIBOR, whichever is higher.Hong Kong's monetary policy has been in lockstep with the Fed since 1983 to keep the Hong Kong dollar's exchange rate stable.The Hang Seng slid 1% during Thursday's morning trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492917151"}