Central Bank Rates
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Hong Kong: central bank policy rate

Last updated:

Policy rate4.25%Sep 29, 2026
For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.
SinceSep 17, 2026hike +25 bp
1 year ago4.50%

Last 2 years (daily values)

Last 2 years (daily values)5.25%4%4.25%2024-09-302025-09-292026-09-29

Policy rate since 2000 (month-end values)

Policy rate since 2000 (month-end values)8%0.5%4.25%2000-012013-052026-09

All changes since 2000

DateFromToChange
Sep 17, 20264.00%4.25%hike +25 bp
Dec 11, 20254.25%4.00%cut -25 bp
Oct 30, 20254.50%4.25%cut -25 bp
Sep 18, 20254.75%4.50%cut -25 bp
Dec 19, 20245.00%4.75%cut -25 bp
Nov 8, 20245.25%5.00%cut -25 bp
Sep 19, 20245.75%5.25%cut -50 bp
Jul 27, 20235.50%5.75%hike +25 bp
May 4, 20235.25%5.50%hike +25 bp
Mar 23, 20235.00%5.25%hike +25 bp
Feb 2, 20234.75%5.00%hike +25 bp
Dec 15, 20224.25%4.75%hike +50 bp
Dec 8, 20224.34%4.25%cut -9 bp
Dec 7, 20224.28%4.34%hike +6 bp
Dec 6, 20224.25%4.28%hike +3 bp
Nov 3, 20223.50%4.25%hike +75 bp
Sep 22, 20222.75%3.50%hike +75 bp
Jul 28, 20222.00%2.75%hike +75 bp
Jun 16, 20221.25%2.00%hike +75 bp
May 5, 20220.75%1.25%hike +50 bp
Mar 17, 20220.50%0.75%hike +25 bp
Jun 8, 20200.51%0.50%cut -1 bp
Jun 5, 20200.55%0.51%cut -4 bp
Jun 4, 20200.57%0.55%cut -2 bp
Jun 3, 20200.59%0.57%cut -2 bp
Jun 2, 20200.62%0.59%cut -3 bp
May 29, 20200.56%0.62%hike +6 bp
May 28, 20200.51%0.56%hike +5 bp
May 27, 20200.50%0.51%hike +1 bp
May 12, 20200.56%0.50%cut -6 bp
May 11, 20200.62%0.56%cut -6 bp
May 8, 20200.71%0.62%cut -9 bp
May 7, 20200.82%0.71%cut -11 bp
May 6, 20200.94%0.82%cut -12 bp
May 5, 20201.03%0.94%cut -9 bp
May 4, 20201.11%1.03%cut -8 bp
Apr 29, 20201.16%1.11%cut -5 bp
Apr 28, 20201.19%1.16%cut -3 bp
Apr 27, 20201.20%1.19%cut -1 bp
Apr 24, 20201.19%1.20%hike +1 bp
Apr 23, 20201.18%1.19%hike +1 bp
Apr 22, 20201.19%1.18%cut -1 bp
Apr 21, 20201.18%1.19%hike +1 bp
Apr 20, 20201.19%1.18%cut -1 bp
Apr 17, 20201.21%1.19%cut -2 bp
Apr 16, 20201.23%1.21%cut -2 bp
Apr 15, 20201.26%1.23%cut -3 bp
Apr 14, 20201.29%1.26%cut -3 bp
Apr 8, 20201.40%1.29%cut -11 bp
Apr 7, 20201.48%1.40%cut -8 bp
Apr 6, 20201.56%1.48%cut -8 bp
Apr 3, 20201.63%1.56%cut -7 bp
Apr 2, 20201.72%1.63%cut -9 bp
Apr 1, 20201.65%1.72%hike +7 bp
Mar 31, 20201.57%1.65%hike +8 bp
Mar 30, 20201.46%1.57%hike +11 bp
Mar 27, 20201.39%1.46%hike +7 bp
Mar 26, 20201.33%1.39%hike +6 bp
Mar 25, 20201.29%1.33%hike +4 bp
Mar 24, 20201.26%1.29%hike +3 bp
Mar 23, 20201.19%1.26%hike +7 bp
Mar 20, 20201.08%1.19%hike +11 bp
Mar 19, 20200.98%1.08%hike +10 bp
Mar 18, 20200.91%0.98%hike +7 bp
Mar 17, 20200.86%0.91%hike +5 bp
Mar 16, 20201.50%0.86%cut -64 bp
Mar 4, 20202.00%1.50%cut -50 bp
Jan 9, 20202.28%2.00%cut -28 bp
Jan 8, 20202.41%2.28%cut -13 bp
Jan 7, 20202.55%2.41%cut -14 bp
Jan 6, 20202.68%2.55%cut -13 bp
Jan 3, 20202.73%2.68%cut -5 bp
Jan 2, 20202.49%2.73%hike +24 bp
Dec 31, 20192.43%2.49%hike +6 bp
Dec 30, 20192.35%2.43%hike +8 bp
Dec 27, 20192.24%2.35%hike +11 bp
Dec 24, 20192.21%2.24%hike +3 bp
Dec 23, 20192.14%2.21%hike +7 bp
Dec 20, 20192.07%2.14%hike +7 bp
Dec 19, 20192.00%2.07%hike +7 bp
Nov 27, 20192.03%2.00%cut -3 bp
Nov 26, 20192.12%2.03%cut -9 bp
Nov 25, 20192.21%2.12%cut -9 bp
Nov 22, 20192.26%2.21%cut -5 bp
Nov 21, 20192.24%2.26%hike +2 bp
Nov 20, 20192.23%2.24%hike +1 bp
Nov 19, 20192.13%2.23%hike +10 bp
Nov 18, 20192.00%2.13%hike +13 bp
Oct 31, 20192.25%2.00%cut -25 bp
Sep 19, 20192.50%2.25%cut -25 bp
Aug 1, 20192.75%2.50%cut -25 bp
Dec 20, 20182.50%2.75%hike +25 bp
Sep 27, 20182.25%2.50%hike +25 bp
Jun 14, 20182.00%2.25%hike +25 bp
Mar 22, 20181.75%2.00%hike +25 bp
Dec 14, 20171.50%1.75%hike +25 bp
Jun 15, 20171.25%1.50%hike +25 bp
Mar 16, 20171.00%1.25%hike +25 bp
Dec 15, 20160.75%1.00%hike +25 bp
Dec 18, 20150.50%0.75%hike +25 bp
Dec 17, 20081.50%0.50%cut -100 bp
Oct 30, 20082.00%1.50%cut -50 bp
Oct 9, 20083.50%2.00%cut -150 bp
May 2, 20083.75%3.50%cut -25 bp
Mar 19, 20084.50%3.75%cut -75 bp
Jan 31, 20085.00%4.50%cut -50 bp
Jan 23, 20085.75%5.00%cut -75 bp
Dec 12, 20076.00%5.75%cut -25 bp
Nov 1, 20076.25%6.00%cut -25 bp
Sep 19, 20076.75%6.25%cut -50 bp
Jun 30, 20066.50%6.75%hike +25 bp
May 11, 20066.25%6.50%hike +25 bp
Mar 29, 20066.00%6.25%hike +25 bp
Feb 1, 20065.75%6.00%hike +25 bp
Dec 14, 20055.50%5.75%hike +25 bp
Nov 2, 20055.25%5.50%hike +25 bp
Sep 21, 20055.00%5.25%hike +25 bp
Aug 10, 20054.75%5.00%hike +25 bp
Jul 2, 20054.50%4.75%hike +25 bp
May 4, 20054.25%4.50%hike +25 bp
Mar 23, 20054.00%4.25%hike +25 bp
Feb 3, 20053.75%4.00%hike +25 bp
Dec 15, 20043.50%3.75%hike +25 bp
Nov 11, 20043.25%3.50%hike +25 bp
Sep 22, 20043.00%3.25%hike +25 bp
Aug 11, 20042.75%3.00%hike +25 bp
Jul 2, 20042.50%2.75%hike +25 bp
Jun 26, 20032.75%2.50%cut -25 bp
Nov 7, 20023.25%2.75%cut -50 bp
Dec 12, 20013.50%3.25%cut -25 bp
Nov 7, 20014.00%3.50%cut -50 bp
Oct 3, 20014.50%4.00%cut -50 bp
Sep 18, 20015.00%4.50%cut -50 bp
Aug 22, 20015.25%5.00%cut -25 bp
Jun 28, 20015.50%5.25%cut -25 bp
May 16, 20016.00%5.50%cut -50 bp
Apr 19, 20016.50%6.00%cut -50 bp
Mar 21, 20017.00%6.50%cut -50 bp
Feb 1, 20017.50%7.00%cut -50 bp
Jan 4, 20018.00%7.50%cut -50 bp
May 17, 20007.50%8.00%hike +50 bp
Mar 22, 20007.25%7.50%hike +25 bp
Feb 3, 20007.00%7.25%hike +25 bp

Which rate is shown (BIS notes, in English)

Official base rate.

Changes by year

See also

Method

We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).

About this page

The policy rate of Hong Kong is 4.25% (BIS data as of Sep 29, 2026).