base rate Tag

21 Mar Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status

Posted at 10:33h in Asia

Hong Kong must maintain its hard-fought status as an international financial centre as the city faces headwinds from a global economic turmoil, said Victor Li Tzar-kuoi, chairman of CK Hutchison and CK Asset Holdings, which announced full-year results on Thursday.The two flagship companies of Hong...

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

Posted at 03:48h in Asia

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 non-permanent residents and second-time homebuyers while also relaxing mortgage policies to allow buyers to borrow...

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

Posted at 23:04h in Asia

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. The HKMA has held its base rate at current level after raising it 11 times...

31 Jan Hong Kong holds base rate steady, after US Fed’s unanimous vote to ‘keep options open’ dashes optimism for an earlier cut

Posted at 23:10h in Asia

Powell’s circumspect tone indicated that the Fed was in no rush to reduce rates. That sent stocks skidding, as traders who were betting for cuts to commence in March ran for cover. The S&P500 index plunged 1.5 per cent in New York, marking the sharpest...

base rate Tag

21 Mar Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status

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

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

31 Jan Hong Kong holds base rate steady, after US Fed’s unanimous vote to ‘keep options open’ dashes optimism for an earlier cut

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