Hong Kong Follows Fed, Cuts Base Rate for First Time Since 2008
Eddie Yue, deputy chief executive officer and incoming chief executive officer of Hong Kong Monetary Authority in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

Hong Kong Follows Fed, Cuts Base Rate for First Time Since 2008

(Bloomberg) -- The Hong Kong Monetary Authority cut its benchmark interest rate in line with the U.S. Federal Reserve, an automatic response that’s unlikely to lend much support to the city’s saggi...
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