HKMA – Page 4 – Charm

Hong Kong authority begins second phase of digital currency pilots

Cs news10 months ago011 mins

The Hong Kong Monetary Authority (HKMA) has this week fired the starting gun on a second phase of digital currency tests as its pilot programme evolves into a ‘more comprehensive exploration of the digital money ecosystem’. Eleven groups of firms from various sectors have been selected to explore innovative use cases for a potential e-Hong…

Hong Kong cuts interest rates for the first time in four years after Fed easing

Cs news10 months ago03 mins

The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the financial hub. The HKMA lowered rates by a half percentage point to 5.25% Thursday from the highest level since 2007. The authority…