Central Bank RatesHong Kong policy rate in 2008 (7 changes)
Start of year5.75%
End of year0.50%Dec 31, 2008
Net change-525 bp0 hikes, 7 cuts
Average3.354%
Rank by level35 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Jan 23, 2008 | 5.75% | 5.00% | cut -75 bp |
| Jan 31, 2008 | 5.00% | 4.50% | cut -50 bp |
| Mar 19, 2008 | 4.50% | 3.75% | cut -75 bp |
| May 2, 2008 | 3.75% | 3.50% | cut -25 bp |
| Oct 9, 2008 | 3.50% | 2.00% | cut -150 bp |
| Oct 30, 2008 | 2.00% | 1.50% | cut -50 bp |
| Dec 17, 2008 | 1.50% | 0.50% | cut -100 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
4.25%
4%
4.75%
5.75%
4.75%
0.5%
0.5%
2.49%
2.75%
1.75%
1%
0.75%
0.5%
0.5%
0.5%
0.5%
0.5%
0.5%
0.5%
5.75%
6.75%
5.75%
3.75%
2.5%
2.75%
3.25%
8%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.