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Hong Kong Interest Rate

Hong Kong's interest rate was 4.5% in September 2025. This is a decrease from 4.75% in July 2025. The Hong Kong Monetary Authority lowered the rate to align with the U.S. Federal Reserve's cut. This decision was influenced by a weaker U.S. labor market and expectations of further rate reductions. The move aims to assist mortgage borrowers and businesses. Hong Kong's record low interest rate was 0.5% in August 2015 and its record high was 5.75% in July 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 18, 2025 4.5%
Jul 31, 2025 4.75%
Jun 19, 2025 4.75%
May 08, 2025 4.75%
Mar 20, 2025 4.75%
Jan 30, 2025 4.75%
Dec 19, 2024 4.75%
Nov 08, 2024 5%
Sep 19, 2024 5.25%
Jul 31, 2024 5.75%
Jun 13, 2024 5.75%
May 02, 2024 5.75%
Mar 21, 2024 5.75%
Feb 01, 2024 5.75%
Dec 14, 2023 5.75%
Nov 02, 2023 5.75%
Sep 21, 2023 5.75%
Jul 27, 2023 5.75%
Jun 15, 2023 5.5%
May 04, 2023 5.5%
Mar 23, 2023 5.25%
Feb 02, 2023 5%
Dec 15, 2022 4.75%
Nov 03, 2022 4.25%
Sep 22, 2022 3.5%
Jul 28, 2022 2.75%
Jun 16, 2022 2%
May 05, 2022 1.25%
Mar 17, 2022 0.75%
Apr 30, 2020 0.86%
Mar 16, 2020 0.86%
Oct 31, 2019 2%
Sep 19, 2019 2.25%
Jan 31, 2019 2.75%
Dec 20, 2018 2.75%
Oct 31, 2018 2.5%
Sep 27, 2018 2.5%
Jul 31, 2018 2.25%
Jun 14, 2018 2.25%
Apr 30, 2018 2%
Mar 22, 2018 2%
Jan 31, 2018 1.75%
Dec 14, 2017 1.75%
Jul 31, 2017 1.5%
Jun 15, 2017 1.5%
Apr 30, 2017 1.25%
Mar 16, 2017 1.25%
Jan 31, 2017 1%
Dec 15, 2016 1%
Jan 31, 2016 0.75%
Dec 17, 2015 0.75%
Aug 31, 2015 0.5%

Recent Events

datetime event actual previous consensus
2025-09-17 09:00 PM Interest Rate Decision 4.5% 4.75% -
Hong Kong Interest Rate : Definition
The Interest Rate set by the Hong Kong Monetary Authority is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 11.5% 7.7% Dec'24
Debt to GDP Ratio 9.3% 6.3% Dec'24
Private Credit (% GDP) 230.9% 248.59% 2024