UPDATE 1-Hong Kong’s central bank cuts interest rate after Fed move
The Hong Kong Monetary
Authority (HKMA) lowered its base rate charged through the
overnight discount window by 25 basis points to 2% on Thursday,
hours after the U.S. Federal Reserve delivered a cut of the same
size.
Authority (HKMA) lowered its base rate charged through the
overnight discount window by 25 basis points to 2% on Thursday,
hours after the U.S. Federal Reserve delivered a cut of the same
size.
Posted by Reuters
