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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
Hong Kong SARHong Kong SAR Real interest rate (%) fell to 2.52 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Hong Kong SAR Real interest rate (%) fell to 2.52 Percentage (%) in January 2023, down 0.84 Percentage (%) from December's 3.36 Percentage (%) reading.
Latest Release
2.52
Latest (2023)
3.36
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Real Interest Rate (%) (Hong Kong) was reported at 4.11 Percent in December 2025. The reading rose from the previous value of 1.52 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 2.81 Percent, down from the prior three at 3.99 Percent. In December readings over the past 3 years, Real Interest Rate (%) has averaged 2.81 Percent.
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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Real interest rate (%) - HK
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About Real interest rate (%) — Hong Kong SAR
DEFINITION
Hong Kong's Real Interest Rate rose sharply to 4.110493% in December 2025, up from 1.517619% in December 2024, marking a significant increase. This jump signals a tightening real yield environment after a period of lower rates. Market participants will watch for central bank moves amid this rising real interest rate backdrop. Updated 7/1/26
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - HK Events
| Tuesday, July 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | HK | Inflation Rate MoM | 0 | 0 | 0.2 | 0.13 | Low |
| 08:30 | HK | Inflation Rate YoY | 2 | 2 | 2.2 | 2.13 | Low |