[html] Get current value when change select option - Angular2

For me, passing ($event.target.value) as suggested by @microniks did not work. What worked was ($event.value) instead. I am using Angular 4.2.x and Angular Material 2

<select (change)="onItemChange($event.value)">
    <option *ngFor="#value of values" [value]="value.key">
       {{value.value}}
    </option>
</select>