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Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the Federal Reserve’s decision at its first rate meeting this year, sparing the city’s businesses and homeowners from higher borrowing costs.
Shame on me. I got so caught up this morning talking
The Hong Kong Monetary Authority kept its key interest rate unchanged in lockstep with the Federal Reserve, sparing businesses and homeowners from higher borrowing costs while the economy regains strength.
The latest decision, though almost fully expected by traders, still comes as a much-needed relief for Hong Kong’s businesses and mortgage borrowers.
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