Hong Kong and Saudi Arabia reportedly hike rates as Brazil cuts again
A central bank update says Hong Kong and Saudi Arabia raised rates for the first time since 2023, while Brazil cut for a fifth straight meeting.
TLDR
A September 17, 2026 post reports three moves of 0.25 percentage points: Hong Kong raised rates to 4.25%, Saudi Arabia raised them to 4.50%, and Brazil lowered them to 13.75%. The post describes the increases as Hong Kong’s and Saudi Arabia’s first since 2023, and Brazil’s cut as its fifth in consecutive meetings.
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