Hong Kong interest rate: Hong Kong Monetary Authority policy rate
The Hong Kong Monetary Authority policy rate is 4.25%, in force since Sep 17, 2026. Source: Bank for International Settlements, data to Oct 21, 2026. Raised from 4.00% on Sep 17, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Sep 17, 2026 | 4.25% | +0.25 |
| Dec 11, 2025 | 4.00% | -0.25 |
| Oct 30, 2025 | 4.25% | -0.25 |
| Sep 18, 2025 | 4.50% | -0.25 |
| Dec 19, 2024 | 4.75% | -0.25 |
| Nov 8, 2024 | 5.00% | -0.25 |
| Sep 19, 2024 | 5.25% | -0.50 |
| Jul 27, 2023 | 5.75% | +0.25 |
| May 4, 2023 | 5.50% | +0.25 |
| Mar 23, 2023 | 5.25% | +0.25 |
| Feb 2, 2023 | 5.00% | +0.25 |
| Dec 15, 2022 | 4.75% | +0.50 |
| Dec 8, 2022 | 4.25% | -0.09 |
| Dec 7, 2022 | 4.34% | +0.06 |
| Dec 6, 2022 | 4.28% | +0.03 |
| Nov 3, 2022 | 4.25% | +0.75 |
| Sep 22, 2022 | 3.50% | +0.75 |
| Jul 28, 2022 | 2.75% | +0.75 |
| Jun 16, 2022 | 2.00% | +0.75 |
| May 5, 2022 | 1.25% | +0.50 |
| Mar 17, 2022 | 0.75% | +0.25 |
| Jun 8, 2020 | 0.50% | -0.01 |
| Jun 5, 2020 | 0.51% | -0.04 |
| Jun 4, 2020 | 0.55% | -0.02 |
| Jun 3, 2020 | 0.57% | -0.02 |
| Jun 2, 2020 | 0.59% | -0.03 |
| May 29, 2020 | 0.62% | +0.06 |
| May 28, 2020 | 0.56% | +0.05 |
| May 27, 2020 | 0.51% | +0.01 |
| May 12, 2020 | 0.50% | -0.06 |
| May 11, 2020 | 0.56% | -0.06 |
| May 8, 2020 | 0.62% | -0.09 |
| May 7, 2020 | 0.71% | -0.11 |
| May 6, 2020 | 0.82% | -0.12 |
| May 5, 2020 | 0.94% | -0.09 |
| May 4, 2020 | 1.03% | -0.08 |
| Apr 29, 2020 | 1.11% | -0.05 |
| Apr 28, 2020 | 1.16% | -0.03 |
| Apr 27, 2020 | 1.19% | -0.01 |
| Apr 24, 2020 | 1.20% | +0.01 |
| Apr 23, 2020 | 1.19% | +0.01 |
| Apr 22, 2020 | 1.18% | -0.01 |
| Apr 21, 2020 | 1.19% | +0.01 |
| Apr 20, 2020 | 1.18% | -0.01 |
| Apr 17, 2020 | 1.19% | -0.02 |
| Apr 16, 2020 | 1.21% | -0.02 |
| Apr 15, 2020 | 1.23% | -0.03 |
| Apr 14, 2020 | 1.26% | -0.03 |
| Apr 8, 2020 | 1.29% | -0.11 |
| Apr 7, 2020 | 1.40% | -0.08 |
| Apr 6, 2020 | 1.48% | -0.08 |
| Apr 3, 2020 | 1.56% | -0.07 |
| Apr 2, 2020 | 1.63% | -0.09 |
| Apr 1, 2020 | 1.72% | +0.07 |
| Mar 31, 2020 | 1.65% | +0.08 |
| Mar 30, 2020 | 1.57% | +0.11 |
| Mar 27, 2020 | 1.46% | +0.07 |
| Mar 26, 2020 | 1.39% | +0.06 |
| Mar 25, 2020 | 1.33% | +0.04 |
| Mar 24, 2020 | 1.29% | +0.03 |
| Mar 23, 2020 | 1.26% | +0.07 |
| Mar 20, 2020 | 1.19% | +0.11 |
| Mar 19, 2020 | 1.08% | +0.10 |
| Mar 18, 2020 | 0.98% | +0.07 |
| Mar 17, 2020 | 0.91% | +0.05 |
| Mar 16, 2020 | 0.86% | -0.64 |
| Mar 4, 2020 | 1.50% | -0.50 |
| Jan 9, 2020 | 2.00% | -0.28 |
| Jan 8, 2020 | 2.28% | -0.13 |
| Jan 7, 2020 | 2.41% | -0.14 |
| Jan 6, 2020 | 2.55% | -0.13 |
| Jan 3, 2020 | 2.68% | -0.05 |
| Jan 2, 2020 | 2.73% | +0.24 |
| Dec 31, 2019 | 2.49% | +0.06 |
| Dec 30, 2019 | 2.43% | +0.08 |
| Dec 27, 2019 | 2.35% | +0.11 |
| Dec 24, 2019 | 2.24% | +0.03 |
| Dec 23, 2019 | 2.21% | +0.07 |
| Dec 20, 2019 | 2.14% | +0.07 |
| Dec 19, 2019 | 2.07% | +0.07 |
| Nov 27, 2019 | 2.00% | -0.03 |
| Nov 26, 2019 | 2.03% | -0.09 |
| Nov 25, 2019 | 2.12% | -0.09 |
| Nov 22, 2019 | 2.21% | -0.05 |
| Nov 21, 2019 | 2.26% | +0.02 |
| Nov 20, 2019 | 2.24% | +0.01 |
| Nov 19, 2019 | 2.23% | +0.10 |
| Nov 18, 2019 | 2.13% | +0.13 |
| Oct 31, 2019 | 2.00% | -0.25 |
| Sep 19, 2019 | 2.25% | -0.25 |
| Aug 1, 2019 | 2.50% | -0.25 |
| Dec 20, 2018 | 2.75% | +0.25 |
| Sep 27, 2018 | 2.50% | +0.25 |
| Jun 14, 2018 | 2.25% | +0.25 |
| Mar 22, 2018 | 2.00% | +0.25 |
| Dec 14, 2017 | 1.75% | +0.25 |
| Jun 15, 2017 | 1.50% | +0.25 |
| Mar 16, 2017 | 1.25% | +0.25 |
| Dec 15, 2016 | 1.00% | +0.25 |
| Jan 4, 2016 | 0.75% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Hong Kong?
The Hong Kong Monetary Authority policy rate is 4.25% (since Sep 17, 2026).
When did the Hong Kong Monetary Authority last change its policy rate?
On Sep 17, 2026, from 4.00% to 4.25%.
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