Hong Kong cuts base rate by a quarter point to 4.75% as US Fed signals fewer cuts in 2025

Quick Summary:

The Hong Kong Monetary Authority has cut its base rate three times since September to a level last seen in December 2022.

The HKMA has cut the base rate by a full percentage point since September, with analysts expecting the cycle to continue next year that could help reboot businesses and the property market.

The surprise sent Wall Street reeling in late trading.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Federal Hong Cuts Kong Rate Base Point Cent Quarter Year Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 07:31:02 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24541692

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