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Hibor

Hong Kong’s monetary authority calls for borrower caution on interest rates despite forecast of Fed cuts

by Anas Siddiqui
Hong Kong’s monetary authority calls for borrower caution on interest rates despite forecast of Fed cuts

The warning follows a surge in property transactions since the Hong Kong government scrapped a set of decade-old curbs on February 28, withdrawing the stamp duty on home purchases for …

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Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation

by Anas Siddiqui
Hong Kong holds base rate steady at 5.75% after Fed’s unanimous vote to keep watching for signs of falling US inflation

The HKMA has followed the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency peg’s to the US dollar. …

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