The Monetary Authority announced today that the Base Rate has been set at 4.25% with immediate effect. The decrease follows a 25-basis point downward adjustment in the target range for the US federal funds rate on October 29. The base rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions through the Discount Window are computed. It is currently set at either 50 basis points above the lower end of the prevailing target range for the US federal funds rate, or the average of the five-day moving averages of the overnight and one-month Hong Kong Interbank Offered Rates, whichever is higher.
Thursday 30 October 2025
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