BIS central bank policy rates (M.HK) · The Hong Kong Monetary Authority, end of month
What is the policy rate of the Hong Kong Monetary Authority?
The policy rate of the Hong Kong Monetary Authority was 4.250% in the month ended , down 0.250 percentage points from a year earlier.
Policy rate of the Hong Kong Monetary Authority, end of month, not seasonally adjusted, each month
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to .
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .
Policy rate of the Hong Kong Monetary Authority, end of month, change from a year earlier, each month (ours)
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to .
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .
Each point is one month of the series as the source publishes it, or a change worked out from those values (ours). The US recessions are shaded. Pointing at the chart shows the month and the value.
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Inspect and compare dates
The newest month beside the one before it and the nearest ones a year, five and ten years earlier. The last ten years are in the table under "The numbers behind the chart".
| Measure | Latest | The month before | A year earlier | Five years earlier | Ten years earlier |
|---|---|---|---|---|---|
| Month | |||||
| Policy rate of the Hong Kong Monetary Authority, end of month | 4.250% | 4.000% | 4.500% | 0.500% | 0.750% |
| Change over a year | −0.250 pts | −0.750 pts | −0.750 pts | 0.000 pts | +0.250 pts |
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Observed .
Right now
The policy rate of the Hong Kong Monetary Authority was 4.250% in September 2026, the highest since September 2025.
Over a year it is down 0.250 percentage points (ours).
ChangeOurs
| Period | Then | Change |
|---|---|---|
| One month | 4.000%, the rate in | +0.250 percentage points |
| Three months | 4.000%, the rate in | +0.250 percentage points |
| Twelve months | 4.500%, the rate in | −0.250 percentage points |
| Five years | 0.500%, the rate in | +3.750 percentage points |
| Ten years | 0.750%, the rate in | +3.500 percentage points |
In historyOurs
The policy rate of the Hong Kong Monetary Authority of 4.250% in was higher than in 226 of the 336 other months since , the same in 5 and lower in 105.
Highest since : 8.000% in . Lowest since : 0.500% in .
AverageOurs
Average since : 2.9892% (ours, a plain mean of the 337 months).
ComparedOurs
Over a year the policy rate of the Hong Kong Monetary Authority is down 0.250 percentage points, which ranks 20 of the 38 rows of the table, where 1 is the largest change.
The table sets the policy rate of the Hong Kong Monetary Authority beside the economies on the central bank rates page, by the change over a year in each one's newest month.
Understanding the policy rate of the Hong Kong Monetary Authority
Where it stands today
The policy rate of the Hong Kong Monetary Authority was 4.250% in September 2026.
What does the policy rate of the Hong Kong Monetary Authority measure?
This is the policy rate of the Hong Kong Monetary Authority: the Base Rate. The Bank for International Settlements (BIS) collects the policy rates of central banks and publishes, for each economy, the rate in force at the end of each month.
Read more
What 500metrics adds: the change over one month, three months, a year and five years, the highest and lowest value since the series begins, and how the change over a year compares with the other economies on the central bank rates page.
The numbers behind the chart
What was the policy rate of the Hong Kong Monetary Authority in each month?The last ten years, 120 months, newest first; the chart and the file have every month since Sep 1998
| Month | Value | Change over a year |
|---|---|---|
| 4.250% | −0.250 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.000% | −0.750 pts | |
| 4.250% | −0.750 pts | |
| 4.250% | −1.000 pts | |
| 4.500% | −0.750 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 4.750% | −1.000 pts | |
| 5.000% | −0.750 pts | |
| 5.250% | −0.500 pts |
Show 96 more rows
| Month | Value | Change over a year |
|---|---|---|
| 5.250% | −0.500 pts | |
| 5.750% | 0.000 pts | |
| 5.750% | 0.000 pts | |
| 5.750% | +0.250 pts | |
| 5.750% | +0.250 pts | |
| 5.750% | +0.500 pts | |
| 5.750% | +0.500 pts | |
| 5.750% | +0.750 pts | |
| 5.750% | +1.000 pts | |
| 5.750% | +1.000 pts | |
| 5.750% | +1.500 pts | |
| 5.750% | +2.250 pts | |
| 5.750% | +2.250 pts | |
| 5.750% | +3.000 pts | |
| 5.750% | +3.000 pts | |
| 5.500% | +3.500 pts | |
| 5.500% | +4.250 pts | |
| 5.250% | +4.500 pts | |
| 5.250% | +4.500 pts | |
| 5.000% | +4.500 pts | |
| 4.750% | +4.250 pts | |
| 4.750% | +4.250 pts | |
| 4.250% | +3.750 pts | |
| 3.500% | +3.000 pts | |
| 3.500% | +3.000 pts | |
| 2.750% | +2.250 pts | |
| 2.750% | +2.250 pts | |
| 2.000% | +1.500 pts | |
| 1.250% | +0.750 pts | |
| 0.750% | +0.250 pts | |
| 0.750% | +0.250 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | 0.000 pts | |
| 0.500% | −0.120 pts | |
| 0.500% | −0.610 pts | |
| 0.500% | −1.150 pts | |
| 0.500% | −1.500 pts | |
| 0.500% | −1.500 pts | |
| 0.500% | −1.990 pts | |
| 0.500% | −1.500 pts | |
| 0.500% | −1.500 pts | |
| 0.500% | −1.750 pts | |
| 0.500% | −2.000 pts | |
| 0.500% | −2.250 pts | |
| 0.500% | −2.250 pts | |
| 0.620% | −2.130 pts | |
| 1.110% | −1.640 pts | |
| 1.650% | −1.100 pts | |
| 2.000% | −0.750 pts | |
| 2.000% | −0.750 pts | |
| 2.490% | −0.260 pts | |
| 2.000% | −0.500 pts | |
| 2.000% | −0.500 pts | |
| 2.250% | −0.250 pts | |
| 2.500% | +0.250 pts | |
| 2.750% | +0.500 pts | |
| 2.750% | +0.500 pts | |
| 2.750% | +0.750 pts | |
| 2.750% | +0.750 pts | |
| 2.750% | +0.750 pts | |
| 2.750% | +1.000 pts | |
| 2.750% | +1.000 pts | |
| 2.750% | +1.000 pts | |
| 2.500% | +1.000 pts | |
| 2.500% | +1.000 pts | |
| 2.500% | +1.000 pts | |
| 2.250% | +0.750 pts | |
| 2.250% | +0.750 pts | |
| 2.250% | +0.750 pts | |
| 2.000% | +0.750 pts | |
| 2.000% | +0.750 pts | |
| 2.000% | +0.750 pts | |
| 1.750% | +0.750 pts | |
| 1.750% | +0.750 pts | |
| 1.750% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.500% | +0.750 pts | |
| 1.250% | +0.500 pts | |
| 1.250% | +0.500 pts | |
| 1.250% | +0.500 pts | |
| 1.000% | +0.250 pts | |
| 1.000% | +0.250 pts | |
| 1.000% | +0.250 pts | |
| 0.750% | +0.250 pts | |
| 0.750% | +0.250 pts |
How does it compare with the economies on the central bank rates page?Ranked by the change over a year
| Series | Month | Value | Change over a year | Rank |
|---|---|---|---|---|
| Colombia | 12.000% | +2.750 pts | 1 | |
| Australia | 4.600% | +1.000 pts | 2 | |
| Indonesia | 5.750% | +1.000 pts | 2 | |
| Japan | 1.250% | +0.750 pts | 4 | |
| Denmark | 2.100% | +0.500 pts | 5 | |
| Euro Area | 2.500% | +0.500 pts | 5 | |
| Iceland | 8.000% | +0.500 pts | 5 | |
| Norway | 4.500% | +0.500 pts | 5 | |
| South Korea | 3.000% | +0.500 pts | 5 | |
| Czech Republic | 3.750% | +0.250 pts | 10 | |
| South Africa | 7.250% | +0.250 pts | 10 | |
| China | 3.000% | 0.000 pts | 12 | |
| Malaysia | 2.750% | 0.000 pts | 12 | |
| Morocco | 2.250% | 0.000 pts | 12 | |
| Peru | 4.250% | 0.000 pts | 12 | |
| Philippines | 5.000% | 0.000 pts | 12 | |
| Romania | 6.500% | 0.000 pts | 12 | |
| Serbia | 5.750% | 0.000 pts | 12 | |
| Switzerland | 0.000% | 0.000 pts | 12 | |
| Canada | 2.250% | −0.250 pts | 20 | |
| Chile | 4.500% | −0.250 pts | 20 | |
| Hong Kong (this page) | 4.250% | −0.250 pts | 20 | |
| India | 5.250% | −0.250 pts | 20 | |
| Kuwait | 3.500% | −0.250 pts | 20 | |
| New Zealand | 2.750% | −0.250 pts | 20 | |
| Saudi Arabia | 4.500% | −0.250 pts | 20 | |
| Sweden | 1.750% | −0.250 pts | 20 | |
| United Kingdom | 3.750% | −0.250 pts | 20 | |
| United States | 3.875% | −0.250 pts | 20 | |
| Thailand | 1.000% | −0.500 pts | 30 | |
| Hungary | 5.500% | −1.000 pts | 31 | |
| Mexico | 6.500% | −1.000 pts | 31 | |
| Poland | 3.750% | −1.000 pts | 31 | |
| North Macedonia | 4.250% | −1.100 pts | 34 | |
| Brazil | 13.750% | −1.250 pts | 35 | |
| Israel | 3.250% | −1.250 pts | 35 | |
| Russia | 14.000% | −3.000 pts | 37 | |
| Turkey | 37.000% | −3.500 pts | 38 |
The table scrolls sideways; the first column stays in place.
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The BIS takes most of its policy rate series from the central banks as national data. A month's value is the rate in force at the end of the month, so a rate that is changed and changed back inside one month does not show.
- Banks define their policy rate in different ways, so the levels of two economies are not strictly comparable. The rate is the bank's own, in its own currency, and is not adjusted for inflation.
- The changes, the ranks and the highest and lowest values are ours, worked out from the values the BIS publishes; a change is in percentage points.
Observed . Checked .
How to cite this
Bank for International Settlements, central bank policy rates, The Hong Kong Monetary Authority, end of month, through September 2026. Compiled by 500metrics, "What is the policy rate of the Hong Kong Monetary Authority?", https://500metrics.com/central-bank-rates/hong-kong.
Can the data be downloaded?central-bank-rates-hong-kong.csv
Download the full history as CSV: 337 rows, to , 6,203 bytes.
Our text and compilation: CC BY 4.0.
Recession dates from the National Bureau of Economic Research.
Page updated
Sources
Bank for International Settlements, central bank policy rates (source) Terms: BIS terms of permitted use of statistics.