{"id":22168,"date":"2011-06-23T04:31:00","date_gmt":"2011-06-23T08:31:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=4f4c366f30924d38a032289cb9a3f68f"},"modified":"2011-06-23T04:31:00","modified_gmt":"2011-06-23T08:31:00","slug":"hkma-holds-base-rate-at-0-50-following-us-fomc","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/23\/hkma-holds-base-rate-at-0-50-following-us-fomc\/","title":{"rendered":"HKMA Holds Base Rate at 0.50% Following US FOMC"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.info.gov.hk\/hkma\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">Hong Kong Monetary Authority<\/a>\u00a0maintained its base interest rate unchanged at 0.50% following the decision of the <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/us-federal-reserve-holds-monetary.html\">US Federal Reserve<\/a> to leave the fed funds rate unchanged at 0-0.25%. \u00a0In a statement to the media the HKMA said:\u00a0&quot;We understand that QE2 will end in June as scheduled,&quot;&#8230;&quot;We have noticed that there is strong demand in Hong Kong dollar credit loans and therefore, Hong Kong dollar lending and deposit rates have some upward pressure.&quot;<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The HKMA also maintained its base interest <a href=\"http:\/\/www.centralbanknews.info\/2011\/04\/hong-kong-monetary-authority-holds-base.html\">rate unchanged<\/a> at 0.50% in April this year. \u00a0The Hong Kong Monetary Authority generally tends to follow the monetary policy decisions of the US Federal Reserve&#39;s Federal Open Market Committee as the Hong Kong Dollar is fixed against the United States Dollar. \u00a0Hong Kong reported consumer price inflation of 4.6% in April this year, up from 4.4% the previous month.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-1521225715188237312?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Hong Kong Monetary Authority\u00a0maintained its base interest rate unchanged at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25%. \u00a0In a statement to the media the HKMA said:\u00a0&quot;We understand&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22168","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22168"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}