HONG KONG, May 4 (Reuters) - The Hong Kong Monetary
Authority (HKMA) on Thursday raised its base rate charged
through the overnight discount window by 25 basis points to
5.50%, hours after the U.S. Federal Reserve delivered a rate
hike of the same margin.
Hong Kong's monetary policy moves in lock-step with the
United States as the city's currency is pegged to the
greenback in a tight range of 7.75-7.85 per dollar.
(Reporting by Donny Kwok; Editing by Jacqueline Wong)
Messaging: donny.kwok.reuters.com@reuters.net))
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