News: 2024.03.18
According to reports from Zhitong Finance APP, the Hong Kong Monetary Authority injected HK$138 million in liquidity into banks through the discount window on March 18. The initiative aims to stabilize markets and provide financial support to address current economic challenges.
The base interest rate of the discount window is 5.75%, which will help banks increase their liquidity to support their business operations. This also reflects the Hong Kong Monetary Authority’s commitment to maintaining financial stability and promoting economic growth.
The Hong Kong Monetary Authority has been injecting liquidity into banks through the discount window to ensure the stable operation of the financial system. The implementation of this policy helps maintain market confidence and provide necessary support to financial institutions.
This initiative is a positive signal for the financial market and shows the Hong Kong Monetary Authority's attention and support for the market. This will help alleviate the pressure faced by financial institutions and promote stable economic development.
As the global economic environment changes, the Hong Kong Monetary Authority will continue to pay close attention to market dynamics and take necessary measures to respond to challenges. We look forward to seeing this discount window policy play a positive role in the stability and development of Hong Kong's financial system.