The Hong Kong Monetary Authority raised its base rate charged through the overnight discount window by 25 basis points to 5 percent, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. | Reuters
HONG KONG – The Hong Kong Monetary Authority on Thursday raised its basecharged through the overnight discount window by 25 basis points to 5 percent, hours after the U.S.
Federal Reserve delivered aHong Kong’s monetary policy moves in lock-step with the United States as the city’s currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.In announcing its latest policy decision, the U.S. central bank scaled back to a quarter-percentage-pointincrease after a year of larger hikes and Fed Chair Jerome Powell suggested a “couple” more hikes coming.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong’s economy shrinks for 4th quarter, but recovery seen in 2023Hong Kong’s economy shrank for the fourth straight quarter, contracting an annual 4.2 percent, advance government data showed, worse than economists’ estimates as weakening global demand and higher interest rates hit exports and spending. | Reuters
Read more »
Hong Kong GDP shrinks for 4th straight quarter, but poised for recovery'Looking ahead, the Hong Kong economy is expected to show a recovery in 2023,' the government says.
Read more »
New ‘Super Mario Bros. Movie’ teaser showcases Seth Rogen as Donkey Kong, Mario cat suitThe latest teaser for the movie showcases the debut of comedian Seth Rogen as the voice of another popular video game character that will appear in the movie. 🤩 | via philstarlife
Read more »
Rundown: Underrated travel destinations for Filipino travelersSingapore, Hong Kong, Japan, and South Korea are a few of the most popular destinations for Filipino travelers. If you have already visited these
Read more »
Talon Esports secure final SEA slot for Lima MajorHong Kong-based Dota 2 team Talon Esports secured third place in the recently concluded Southeast Asia Dota Pro Circuit Division I Winter Tour. This makes them the third and the region’s final
Read more »
CebPac now flying 4x daily to HK, offers P499 one way base fareCebu Pacific on Monday said it has ramped up its trips to Hong Kong, and now flies four times a day and 28 times weekly to the Chinese territory. The airline said it is also offering a P499 one-way…
Read more »