Hong Kong’s monetary authority has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged. The city’s base rate was kept at 4 per cent by the Hong Kong Monetary Authority (HKMA) on Thursday. Hours earlier, the US Federal Reserve also retained its target rate in the range…
HKMA keeps base rate at 4% as US market slumps, fears the Fed is losing inflation fight
Filed under: Industry News, Markets