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Hong Kong's central bank follows the Fed and raises its base rate 50bp to 4.75%

Started by forex4you, Dec 15, 2022, 07:33 am

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Dec 15, 2022, 07:33 am
Hong Kong's central bank follows the Fed and raises its base rate 50bp to 4.75%

<p>The Hong Kong Monetary Authority is Hong Kong's central bank. The HKMA is very quick to follow the Federal Reserve in hiking ratesThis time, no different.</p><ul><li>base rate up 50 bp to 4.75%</li></ul><p>The HKD trades in a band linked to the US dollar prescribed by the HKMA. You can see the limits of the band in the chart below. If not, I've added some arrows as a hint. </p><p>ps. US stocks trading higher on Globex after the soft close. </p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Hong Kong's central bank follows the Fed and raises its base rate 50bp to 4.75%

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