Central bank rate changes on 4 May 2023

On 4 May 2023, 2 central banks we track changed their policy rate: the Federal Reserve raised its Federal funds target range by 25 bp to 5.00–5.25 % and the Hong Kong Monetary Authority raised its Base rate by 25 bp to 5.50 %.

Changes

Set by	Rate	Change
Federal Reserve · United States	5.00–5.25 %	↑ raised +25 bp
Hong Kong Monetary Authority · Hong Kong SAR	5.50 %	↑ raised +25 bp

Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.