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Asia-Pacific

Hong Kong Monetary Authority

Too few recent speeches for a current tone.
Speeches
307
First speech
May 8, 1997
Latest speech
May 29, 2026
Tone vs coming rate moves
Not tested
too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
DateSpeechTone
May 29, 2026

Eddie Yue

โˆ’0.00
May 29, 2026

Howard Lee

โ€“
Apr 20, 2026

Eddie Yue

โˆ’0.00
Nov 25, 2025

Eddie Yue

+0.04
Nov 3, 2025

Eddie Yue

โ€“
Oct 14, 2025

Eddie Yue

+0.38
Sep 26, 2025

Eddie Yue

+0.10
Sep 26, 2025

Darryl Chan

+0.10
Sep 25, 2025

Eddie Yue

+0.18
Sep 12, 2025

Eddie Yue

โˆ’0.03
Sep 12, 2025

Arthur Yuen

+0.07
Sep 9, 2025

Darryl Chan

+0.27
Jul 14, 2025

Darryl Chan

+0.16
Jul 9, 2025

Eddie Yue

โ€“
Jul 8, 2025

Eddie Yue

+0.09
Jun 12, 2025

Darryl Chan

+0.16
Apr 29, 2025

Darryl Chan

+0.33
Apr 28, 2025

Howard Lee

โ€“
Apr 10, 2025

Darryl Chan

+0.02
Feb 26, 2025

Howard Lee

+0.21
Feb 17, 2025

Eddie Yue

+0.12
Jan 20, 2025

Darryl Chan

โˆ’0.17
Dec 13, 2024

Eddie Yue

โ€“
Nov 27, 2024

Eddie Yue

+0.06
Nov 23, 2024

Darryl Chan

+0.32
Nov 11, 2024

Howard Lee

+0.04
Oct 31, 2024

Eddie Yue

+0.17
Oct 28, 2024

Eddie Yue

โ€“
Oct 28, 2024

Arthur Yuen

+0.04
Oct 14, 2024

Eddie Yue

+0.25
Sep 27, 2024

Eddie Yue

+0.14
Sep 27, 2024

Darryl Chan

โ€“
Sep 16, 2024

Eddie Yue

โ€“
Aug 28, 2024

Eddie Yue

+0.08
Jun 8, 2024

Eddie Yue

โˆ’0.07
Apr 11, 2024

Eddie Yue

+0.11
Mar 26, 2024

Darryl Chan

โˆ’0.02
Feb 29, 2024

Eddie Yue

+0.08
Feb 27, 2024

Eddie Yue

+0.14
Dec 11, 2023

Arthur Yuen

โ€“
Dec 5, 2023

Eddie Yue

+0.06
Nov 30, 2023

Eddie Yue

โˆ’0.02
Nov 14, 2023

Darryl Chan

+0.28
Nov 2, 2023

Eddie Yue

+0.01
Oct 31, 2023

Eddie Yue

+0.34
Sep 27, 2023

Darryl Chan

โˆ’0.04
Sep 22, 2023

Eddie Yue

+0.09
Sep 20, 2023

Eddie Yue

+0.16
Sep 14, 2023

Eddie Yue

+0.36
Sep 12, 2023

Howard Lee

โˆ’0.03
Sep 4, 2023

Eddie Yue

+0.09
Aug 24, 2023

Eddie Yue

+0.01
Jun 27, 2023

Howard Lee

โˆ’0.19
May 18, 2023

Eddie Yue

+0.06
Mar 24, 2023

Eddie Yue

โˆ’0.15
Mar 17, 2023

Eddie Yue

โ€“
Mar 1, 2023

Eddie Yue

+0.07
Dec 15, 2022

Eddie Yue

+0.35
Oct 31, 2022

Eddie Yue

โˆ’0.02
Sep 16, 2022

Eddie Yue

+0.09
Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.