Hong Kong central bank raises base rate following Fed, banks stand pat
HONG KONG :The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2 per cent, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. However, major domestic banks including HSBC and Standard Chartered
Hong Kong central bank raises base rate following Fed, banks stand pat
HONG KONG :The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2 per cent, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. However, major domestic banks including HSBC and Standard Chartered