Oil
Hong Kong Raises Interest Rates by 25 Basis Points, Tracking Fed Hike Amid U.S.-Iran Confl
Thursday, September 17, 2026 at 07:40 AM
Hong Kong's HKMA increased its base rate by 25 basis points to 4.25%, mirroring a recent hike by the U.S. Federal Reserve. The decision is attributed to the ongoing conflict between the U.S. and Iran, which is reportedly exacerbating inflation.
The conflict between the U.S. and Iran is cited as a primary driver for the surge in inflation, prompting central banks to adjust interest rates.
Source
Reported by @MarioNawfal on X.
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