Central Bank Policy Rate
Live series
Monetary Policy / ~8x/year
4.25
HKD live macro board
Hong Kong Macro Data Board
Hong Kong dollar — pegged to the US dollar within a tight 7.75–7.85 trading band.
The Hong Kong dollar (HKD) is the official currency of Hong Kong. Since 1983 it has operated under a Linked Exchange Rate System against the US dollar, and since 2005 it has traded within a 7.75–7.85 convertibility band managed by the Hong Kong Monetary Authority.
Hong Kong latest macro readings
A scan-ready view of the main HKD indicators, linking each series to its country page, latest announcement, and API endpoint.
Inflation Rate (CPI/HICP)
Live series
Economy / Monthly
2.01
Unemployment Rate
Live series
Labor Market / Monthly
3.7
10-Year Government Bond Yield
Live series
Government Bond Yields / Monthly
3.74
Business Confidence
Live series
Economy / Quarterly
47.5
| Indicator | Latest | Previous | Change | Updated | Source | Links |
|---|---|---|---|---|---|---|
|
Central Bank Policy Rate
Monetary Policy
|
4.25 | 4.25 | 0 | 2026-06-18 | HKMA | Page /Release /API |
|
Inflation Rate (CPI/HICP)
Economy
|
2.01 | 1.72 | +0.29 | 2026-06-22 | Census and Statistics Department | Page /Release /API |
|
Unemployment Rate
Labor Market
|
3.7 | 3.7 | 0 | 2026-06-18 | Census and Statistics Department | Page /Release /API |
|
10-Year Government Bond Yield
Government Bond Yields
|
3.74 | 3.74 | 0 | 2025-01-31 | HKMA | Page /Release /API |
|
Business Confidence
Economy
|
47.5 | 48.5 | -1 | 2026-04-23 | Census and Statistics Department | Page /Release /API |
HKD currency market profile
Core identifiers, trading context, and product links for the HKD market.
Currency code
HKD
Hong Kong Dollar
Policy institution
Hong Kong Monetary Authority
Primary central-bank or monetary authority reference.
Primary USD pair
USD/HKD
Fast path into the FX pair dashboard and market profile.
Trading session
Tokyo
Approximate primary liquidity window used across FXMacroData pages.
Symbol
HK$
Display symbol used in product surfaces.
Also known as
hong kong dollar
Common market shorthand where available.
Hong Kong macro brief
The highest-signal pages for Hong Kong include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.
The Hong Kong Monetary Authority (HKMA) does not run an independent interest-rate policy. Instead it defends the USD/HKD peg with currency-board mechanics — buying HKD at 7.75 and selling at 7.85 — which means HKD interest rates closely track those of the Federal Reserve.
For HKD research, combine the country-level release map with the USD/HKD dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.
The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.
What to watch
- USD/HKD spot and HKMA convertibility undertakings.
- 1-month and 3-month HIBOR.
- HKMA aggregate balance.
- Federal Reserve policy decisions.
- Hong Kong CPI and trade balance.
Hong Kong source map
Publisher groups represented in the checked-in coverage catalogue for this market.
Census and Statistics Department
13 series
HKMA
7 series
Central Bank
3 series
ABS
1 series
Bank for International Settlements
1 series
Hong Kong coverage by category
The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.
Economy
0 / 10
Labor Market
0 / 5
Money & Credit
0 / 3
Monetary Policy
0 / 2
Government Bond Yields
0 / 5
Additional Indicators
0 / 3
Key Hong Kong indicators
Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.
Central Bank Policy Rate
Primary interest rate set by the Central Bank.
Tracked in catalogue
~8x/year
%
Starts pending
Monetary Policy
Detailed page pending
Inflation Rate (CPI/HICP)
Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.
Tracked in catalogue
Monthly
%YoY
Starts pending
Economy
Detailed page pending
Core Inflation
CPI excluding volatile items like food and energy.
Tracked in catalogue
Quarterly
%YoY
Starts pending
Economy
Detailed page pending
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Tracked in catalogue
Monthly
%YoY
Starts pending
Economy
Detailed page pending
Gross Domestic Product (GDP) Growth
GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.
Tracked in catalogue
Quarterly
%YoY
Starts pending
Economy
Detailed page pending
Unemployment Rate
Percentage of the labor force that is unemployed.
Tracked in catalogue
Monthly
%
Starts pending
Labor Market
Detailed page pending
Trade Balance
The difference between the value of a country's exports and imports.
Tracked in catalogue
Monthly
HKD bn
Starts pending
Economy
Detailed page pending
Retail Sales
Measures change in the total value of sales at the retail level.
Tracked in catalogue
Monthly
%YoY
Starts pending
Economy
Detailed page pending
Published Hong Kong indicator pages
Filter by indicator name, source, cadence, or category.
Published country-indicator pages are still being prepared for HKD. The catalogue coverage below keeps the market context discoverable while detailed endpoint pages are enabled.
Tracked Hong Kong data catalogue
Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.
Economy
10 tracked
Business Confidence
Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.
Tracked in catalogue
Quarterly
Census and Statistics Department
Starts pending
Consumer Confidence
Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Core Inflation
CPI excluding volatile items like food and energy.
Tracked in catalogue
Quarterly
ABS
Starts pending
Current Account Balance
Measures trade in goods and services and income flows.
Tracked in catalogue
Quarterly
Census and Statistics Department
Starts pending
Gross Domestic Product (GDP) Growth
GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.
Tracked in catalogue
Quarterly
Census and Statistics Department
Starts pending
Inflation Rate (CPI/HICP)
Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Retail Sales
Measures change in the total value of sales at the retail level.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Trade Balance
The difference between the value of a country's exports and imports.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Trade-Weighted Index (NEER)
Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.
Tracked in catalogue
Monthly
Bank for International Settlements
Starts pending
Labor Market
5 tracked
Employment Level
Total number of employed persons.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Full-Time Employment
Number of persons employed full-time.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Part-Time Employment
Number of persons employed part-time.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Labor Force Participation Rate
Ratio of the labor force to the working-age population.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Unemployment Rate
Percentage of the labor force that is unemployed.
Tracked in catalogue
Monthly
Census and Statistics Department
Starts pending
Money & Credit
3 tracked
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Tracked in catalogue
Monthly
Starts pending
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Tracked in catalogue
Monthly
Starts pending
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
Tracked in catalogue
Monthly
Starts pending
Monetary Policy
2 tracked
Central Bank Policy Rate
Primary interest rate set by the Central Bank.
Tracked in catalogue
~8x/year
HKMA
Starts pending
Risk Free Rate
Overnight lending rate between banks.
Tracked in catalogue
Daily
HKMA
Starts pending
Government Bond Yields
5 tracked
10-Year Government Bond Yield
Tracked in catalogue
Monthly
HKMA
Starts pending
2-Year Government Bond Yield
Tracked in catalogue
Monthly
HKMA
Starts pending
3-Year Government Bond Yield
Tracked in catalogue
Monthly
HKMA
Starts pending
5-Year Government Bond Yield
Tracked in catalogue
Monthly
HKMA
Starts pending
Inflation-Linked Bond Yield
Tracked in catalogue
Monthly
HKMA
Starts pending
Additional Indicators
3 tracked
Central Bank Reserves - Domestic Currency
Tracked in catalogue
Monthly
Central Bank
Starts pending
Central Bank Reserves - Foreign Currency
Tracked in catalogue
Monthly
Central Bank
Starts pending
Central Bank Reserves - Gold
Tracked in catalogue
Monthly
Central Bank
Starts pending
HKD market drivers
Evergreen macro forces to keep beside the country data table.
Driver 1
USD/HKD position within the 7.75–7.85 convertibility band.
Driver 2
Federal Reserve policy and US dollar funding conditions.
Driver 3
HIBOR-LIBOR / HIBOR-SOFR spreads and aggregate balance.
Driver 4
Capital flows, IPO issuance, and dividend-payout cycles.
Driver 5
Hang Seng Index moves and southbound Stock Connect flows.
Driver 6
Geopolitical risk and the China growth outlook.
HKD questions traders ask
Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.
Is the Hong Kong dollar pegged to the US dollar?
Yes. Since 2005 the HKD has traded within a 7.75–7.85 convertibility band against the US dollar, defended by the Hong Kong Monetary Authority through currency-board operations.
Does the HKMA set independent interest rates?
No. Under the Linked Exchange Rate System, HKD interest rates are effectively imported from the United States. Local rates can deviate temporarily through HIBOR but ultimately track US monetary policy.
What happens if USD/HKD touches the band edges?
The HKMA intervenes — buying HKD when the rate hits 7.75 (strong-side convertibility undertaking) and selling HKD at 7.85 (weak-side). These operations adjust the aggregate balance and ultimately push HIBOR back toward US-dollar funding rates.
Explore other countries
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