Hong Kong Monetary Authority raises interest rates, tracking Fed move

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HONG KONG, Sept 17 : The Hong Kong Monetary Authority on Thursday raised its base interest rate charged via the overnight discount window by 25 basis points to 4.25 per cent, tracking a hike by the U.S. Federal Reserve.

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.

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