Hong Kong interest rate
Hong Kong Monetary Authority
- Policy rate
- 4.00%
- Sep 15, 2026
- Last move
- −0.25 pt
- Dec 2025
- Inflation
- 1.7%
- Jul 2026
- 10-year bond yield
- –
- not available
The policy rate set by the Hong Kong Monetary Authority is 4.00% as of Sep 15, 2026. Its most recent move: it cut its rate from 4.25% to 4.00% (Dec 2025). The rate is 0.50 percentage points lower than a year earlier. With consumer prices up 1.7% over the 12 months to Jul 2026, the real rate (policy rate minus inflation) is +2.3%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 15, 2026: 4.00%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Dec 2025 | Cut | 4.25% | 4.00% | −0.25 pt |
| Oct 2025 | Cut | 4.50% | 4.25% | −0.25 pt |
| Sep 2025 | Cut | 4.75% | 4.50% | −0.25 pt |
| Dec 2024 | Cut | 5.00% | 4.75% | −0.25 pt |
| Nov 2024 | Cut | 5.25% | 5.00% | −0.25 pt |
| Sep 2024 | Cut | 5.75% | 5.25% | −0.50 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Jul 2026: 1.7%
Other central banks in Asia
Source: BIS; inflation: IMF CPI. Updated daily. All central bank rates · Hong Kong economy dashboard