Hong Kong Central Bank Cuts Interest Rate, Tracks Fed Move
HONG KONG, Sept 19 Reuters The Hong Kong Monetary Authority HKMA on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25, tracking a move by the U.S. Federal Reserve. Hong Kong39;s monetary policy moves in lockstep with the United States as the city39;s currency is pegged to the greenback in […]