Reply To: Traders Market Weekly: Neutralizing Contagion


Hong Kong Monetary Authority followed the Fed’s 25 bps rate hike with a 25 bps increase of its own, pushing the rate up to 5.25%.

Bangko Sentral ng Pilipinas also announced a 25-bps hike (to 6.25%) while Taiwan’s central bank raised its rate by 12.5 bps to 1.875%.