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HomeBusinessHong Kong Monetary Authority raises rates for first time since July 2023

Hong Kong Monetary Authority raises rates for first time since July 2023

HONG KONG, Sept 17: The Hong Kong Monetary Authority raised its base interest rate charged via the overnight discount window by 25 basis points to 4. 25 per cent on Thursday, tracking a hike by the U. S. Federal Reserve. Hong Kong’s monetary policy moves in lock-step with the United States as the city’s currenc

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