Hong Kong HKMA Base Rate
Hong Kong HKMA Base Rate is 4.25 percent, in force since 17 Sep 2026, cited to HKMA press release. It was 4 percent before that. Last checked against the official source on 24 Oct 2026.
Official source: HKMA press release · Last checked 2026-10-24 · source fingerprint
The Base Rate set by the Hong Kong Monetary Authority — the interest rate forming the foundation on which the Discount Rates for repurchase (repo) transactions through the Discount Window are computed. Under the Linked Exchange Rate System (currency board), it is not an independent policy decision: it is fixed by a pre-set formula that tracks the US federal funds target range, and is adjusted on the HKMA's own initiative immediately after each US FOMC move.
Compare policy interest rate across all 28 Asian countries →
| Current value | 4.25 percent |
|---|---|
| In force from | 2026-09-17 |
| Official source | HKMA press release 'Adjustment of Base Rate', 17 September 2026: 'The Hong Kong Monetary Authority (HKMA) announced today (17 September) that the Base Rate has been set at 4.25% with immediate effect according to a pre-set formula.' |
| Last verified | 2026-10-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
FORMULA: the Base Rate is the higher of 50bp above the lower end of the US federal funds target range or the average of the five-day moving averages of overnight and one-month HIBOR. The Fed raised its range by 25bp to 3.75-4.00% on 16 September 2026 (US time), so 3.75% + 0.50% = 4.25%, with immediate effect on 17 September 2026. Read from hkma.gov.hk on 2026-10-24.
Earlier values
| From | Value | Source |
|---|---|---|
| 2025-12-11 | 4 | HKMA press release 'Adjustment of Base Rate', 11 December… |
| 2025-10-30 | 4.25 | Bank for International Settlements - Central Bank Policy… |
| 2025-09-18 | 4.5 | Bank for International Settlements - Central Bank Policy… |
| 2024-12-19 | 4.75 | Bank for International Settlements - Central Bank Policy… |
| 2024-11-08 | 5 | Bank for International Settlements - Central Bank Policy… |
| 2024-09-19 | 5.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-07-27 | 5.75 | Bank for International Settlements - Central Bank Policy… |
| 2023-05-04 | 5.5 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-23 | 5.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-02-02 | 5 | Bank for International Settlements - Central Bank Policy… |
| 2022-12-15 | 4.75 | Bank for International Settlements - Central Bank Policy… |
| 2022-12-08 | 4.25 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://asiaref.dev/v1/hk/policy-rate
# $0.003 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/hk/policy-rate/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/hk/policy-rateEmail me when this changes
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Other Hong Kong series: Value-added tax / GST · VAT registration threshold · Statutory Minimum Wage (SMW) · General holidays · Composite CPI inflation (year-on-year) · Profits Tax rate (corporations) · Withholding tax rates · Statutory late-payment interest · Salaries Tax (progressive rates) · Statutory social-insurance contributions · HKMA official exchange rates
The same figure elsewhere: India · Indonesia · Iraq · Israel · Japan · all 28