Monetary policy of Hong Kong

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:economic_policy
gptkbp:administeredBy	gptkb:Hong_Kong_Monetary_Authority
gptkbp:convertibilityUndertaking	HK$7.75 to US$1 (strong side) HK$7.85 to US$1 (weak side)
gptkbp:country	gptkb:Hong_Kong
gptkbp:currency	gptkb:Hong_Kong_dollar
gptkbp:exchange_rate_regime	gptkb:currency
gptkbp:foreignReservesManagedBy	gptkb:Hong_Kong_Monetary_Authority
gptkbp:foreignReservesPurpose	support currency board system
gptkbp:goal	currency stability
https://www.w3.org/2000/01/rdf-schema#label	Monetary policy of Hong Kong
gptkbp:influencedBy	US Federal Reserve policy
gptkbp:interestRateMechanism	automatic adjustment via currency board
gptkbp:interestRatePolicy	linked exchange rate system
gptkbp:lastMajorReform	2005 (introduction of Convertibility Undertakings)
gptkbp:monetaryBase	Exchange Fund Bills and Notes bank balances with HKMA certificates of indebtedness government-issued notes and coins
gptkbp:notesIssuedBy	gptkb:Hong_Kong_Monetary_Authority three commercial banks
gptkbp:pegEstablished	1983
gptkbp:pegRate	HK$7.8 to US$1
gptkbp:pegTo	gptkb:US_dollar
gptkbp:policyCommunication	regular reports by HKMA
gptkbp:policyIndependence	limited
gptkbp:policyTransparency	high
gptkbp:relatedLegislation	gptkb:Banking_Ordinance gptkb:Exchange_Fund_Ordinance
gptkbp:bfsParent	gptkb:Linked_Exchange_Rate_System
gptkbp:bfsLayer	7