Hong Kong’s monetary authority has held its base interest rate steady, following the lead of the US Federal Reserve, as analysts said the inflationary impact of the US-Israel war with Iran had reduced the chances of a rate cut this year. The city’s base rate would stay at 4 per cent, the Hong Kong Monetary…
Hong Kong’s monetary authority kept its base rate unchanged after a similar move by the US Federal Reserve, as analysts said that the Middle East conflict has added to the uncertainty over the pace of rate cuts this year. The Hong Kong Monetary Authority (HKMA) maintained the city’s base rate at 4 per cent on…
Hong Kong has its mojo back. The city’s economy grew 3.5 per cent last year, the fastest pace since 2021, according to an advanced estimate published by the Census and Statistics Department on January 30. A sharp increase in exports, the unexpected driver of growth in many Asian economies last year, was a key factor…
(Bloomberg) — Copper surged by the most in more than 16 years as metals extended a dramatic start to the year fueled by a wave of intense speculative trading in China. Chinese investors are piling into metals as they ride a powerful wave of momentum that has lifted everything from tin to silver to record…
Hong Kong’s de facto central bank left its base rate unchanged after a similar move overnight by the US Federal Reserve, leaving borrowers in the city with a longer wait for funding costs to fall. The Hong Kong Monetary Authority (HKMA) announced its decision on Thursday morning to keep the city’s base rate at 4…
The US Federal Reserve under a new chairman in 2026 is expected to press ahead with interest rate cuts of up to 75 basis points, a move that would lower Hong Kong’s interbank-linked loan costs but leave prime lending rates stuck at their historical low, according to analysts. The Fed and the Hong Kong Monetary…
The US Federal Reserve under a new chairman in 2026 is expected to press ahead with interest rate cuts of up to 75 basis points, a move that would lower Hong Kong’s interbank-linked loan costs but leave prime lending rates stuck at their historical low, according to analysts. The Fed and the Hong Kong Monetary…
Hong Kong’s de facto central bank has cut its base interest rate for the third time in three months, lowering the cost of funding to help reboot businesses and ease the burden of mortgage borrowers. The city’s base rate was reduced by a quarter of a percentage point to 4 per cent, according to the…
The stock market heads into the holiday-shortened week anticipating the release of data delayed by the government shutdown, along with a lingering undercurrent of worry about AI stock valuations and massive data center spending. Investors will look to determine what it all means for the Federal Reserve’s next interest rate move. Reminder: The stock market…
Topline The probability of an interest rate cut next month doubled on Friday, after New York Federal Reserve President John Williams said he sees room for a reduction in the “near term,” raising prospects among investors as waning hopes have pulled down stocks in recent days. Other Federal Reserve officials have supported maintaining the current…