The Hong Kong Monetary Authority is Hong Kong's central bank.

The HKMA is usually very quick to follow the Federal Reserve in hiking rates

  • This time, no different
  • base rate up 25 bp to 0.75%

The HKD trades in a band prescribed by the HKMA. Check out this long-term chart and the boundaries of the band are clear.

hkma hkd fed 17 March 2022