Hong Kong c.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%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. However, major domestic banks including HSBC and Standard Chartered decided to leave their best […]
Hong Kong c.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%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. However, major domestic banks including HSBC and Standard Chartered decided to leave their best […]