Hong Kong Cuts Base Rate After Fed; Banks Seen Staying on Hold
Norman Chan, chief executive officer of the Hong Kong Monetary Authority (Photographer: Dale de la Rey/Bloomberg)

Hong Kong Cuts Base Rate After Fed; Banks Seen Staying on Hold

(Bloomberg) -- The Hong Kong Monetary Authority cut its benchmark interest rate in line with the U.S. Federal Reserve, a mechanical outcome of the city’s currency peg that’s unlikely to be immediat...
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