Hong Kong Monetary Authority - HKMA

Filed Under » , , ,
Dictionary Says

Definition of 'Hong Kong Monetary Authority - HKMA'

The central bank of Hong Kong. Established in 1993, the HKMA's main purpose is to control inflation and maintain the stability of the Hong Kong dollar (HKD) and of the banking sector through its monetary policy. The HKMA links the HKD to the British pound or U.S. dollar to help the HKD maintain a stable value.
Investopedia Says

Investopedia explains 'Hong Kong Monetary Authority - HKMA'

The HKMA also maintains a sovereign wealth fund called the Hong Kong Monetary Authority Investment Portfolio. The HKMA is a member of the East Asia and Pacific Central Banks along with the Reserve Bank of Australia, the People's Bank of China, the Bank of Japan and seven other central banks.
Search results for

'Hong Kong Monetary Authority (HKMA)'

  • The New World Of Emerging Market Currencies

    http://www.investopedia.com/articles/forex/07/emergingmarketcurrencies.asp
    ... Since the establishment of the Hong Kong Monetary Authority (HKMA) in 1993, the
    main focus of the central bank has been to stabilize the underlying HKD along ...

  • The Currency Board: Understanding The Government's Bank

    http://www.investopedia.com/articles/03/051503.asp
    ... When the role of the HKMA in the economy ... lost credibility, resulting in the Hong
    Kong economy taking ... having to reevaluate the powers of its monetary authority. ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links