Hong Kong cuts base rate by half point in lockstep with US Fed's aggressive bid on economy

By Yahoo! Finance | Sep 19, 2024 at 05:33 AM EST

Hong Kong's central bank cut its base interest rate for the first time in four years, aligning with the US Federal Reserve. This reduction aims to support businesses and homeowners amid economic challenges. The HKMA slashed its rate by 50 basis points to 5.

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