HONG KONG - The Hong Kong Monetary Authority reduced its benchmark interest rate, following the Federal Reserve's move.
Hong Kong essentially imports US monetary policy as the local dollar is linked to the greenback. Central banks worldwide are stepping up monetary stimulus to counter the effects of the coronavirus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong: Stocks start Monday on back foot[HONG KONG] Hong Kong stocks opened with more losses on Monday as a dramatic stimulus drive and interest rate cut by the Federal Reserve fanned concerns over the economic impact of the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US Fed slashes key interest rate to 0-0.25% amid pandemicWASHINGTON: Faced with a growing economic shutdown amid the global new coronavirus pandemic, the Federal Reserve on Sunday (Mar 15) announced ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Fed slashes key interest rate to 0-0.25% amid pandemicWASHINGTON: Faced with a growing economic shutdown amid the global new coronavirus pandemic, the Federal Reserve on Sunday (Mar 15) announced ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »