FW: [Maybank] China, HK Tighten After Fed Rate Hike

 

 

GBL: China, HK Tighten After Fed Rate Hike Global Markets Daily by Saktiandi Supaat FX Research Following Fed's 25bps rate hike overnight, HKMA followed up this morning with a 25bps rate hike to 1.75% while PBoC raises rate on 7D, 28D reverse repo and 1Y MLF by 5bps (smaller than previous episodes of 10bps increases). HKMA Chief Executive Chan added that US tax reform may lower global liquidity and affect HK interest rates; wider US-HK rate spread will cause fund outflows and cautioned that US inflation may be faster than expected. Tighter monetary/ financing conditions could dampen ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.