HKMA takes a second break from raising its base rate after US Fed’s ‘hawkish skip,’ giving Hong Kong’s businesses and borrowers a breather
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
Hong Kong kept the city’s base rate unchanged on Thursday after the US Federal Reserve paused its current cycle of inflation-busting increases to assess the impact of higher funding costs on the world’s economy.