Hong Kong lowers interest rate by 25 basis points, matching the U.S. Federal Reserve’s cut.
The Hong Kong Monetary Authority (HKMA) has reduced its base interest rate by 25 basis points to 4.75%, aligning with the U.S. Federal Reserve's recent rate cut. This move reflects Hong Kong's monetary policy tie to the U.S., as its currency is pegged to the U.S. dollar. The HKMA chief warned that future rate decisions are uncertain and urged consumers to be cautious about borrowing risks.
3 months ago
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