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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/10/31

Hong Kong Cuts Base Rate After Fed as City Faces Recession

The Hong Kong Monetary Authority cut its benchmark interest rate, in line with the city’s currency peg to the dollar following the U.S. Federal Reserve’s reduction in borrowing costs. The HKMA on Thursday lowered its base rate to 2.00% from 2.25%, hours after the Fed’s quarter-point cut, according to the institution’s page on Bloomberg. As the Hong Kong dollar is linked to the greenback, the territory essentially imports U.S. monetary policy. - Bloomberg



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