Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has lowered the base interest rate by 25 basis points to 4.50% in response to the U.S. Federal Reserve's recent rate cut [3][5]. Group 1 - The base interest rate is used as the basis for calculating the discount rate applicable to repurchase transactions conducted through the discount window [5]. - The current base interest rate is set at 50 basis points above the lower limit of the current U.S. federal funds rate target range, or the average of the 5-day moving average of the overnight and 1-month Hong Kong Interbank Offered Rate (HIBOR), whichever is higher [5]. - Following the U.S. Federal Reserve's decision to lower the federal funds rate target range by 25 basis points on September 17, the current lower limit of the U.S. federal funds rate target range plus 50 basis points is 4.50% [5].
香港大消息!降息25个基点
第一财经·2025-09-18 02:30