Interest Rate Cut in Hong Kong
Hong Kong has followed the US in cutting its interest rate by a quarter point, aiming to lower lending costs.
The Hong Kong Monetary Authority (HKMA) has made this the second rate cut in six weeks, resulting in a half-point reduction over this period.
A rate cut will be positive for the economy and the property market in Hong Kong
According to HKMA chief executive Eddie Yue Wai-man, this reduction will have a positive impact on both the property market and the economy as a whole.
- Half-point reduction over six weeks
- Positive impact on property market and economy
- Uncertainty remains about future rate cuts
Author's summary: Hong Kong cuts interest rate to boost economy.
More News
- NewJeans loses Ador court battle to leave agency
- Eala falls to Mboko to exit Hong Kong Open
- Best early Black Friday deals 2025: 40+ sales out early
- 'No is a full sentence.' Advice on HR priorities from world-class CHROs
- Bugonia review: A big bald beastly journey
- Animal Crossing: New Horizons Gets a Free Update and Switch 2 Edition
- Emmy-Winner Chronicles Yankees Icon Joe Torre’s MLB Legacy On Screen
- Nexchain (NEX) Presale Moves to New Phase as XRP Finds Major Support
- Disney Ended Doctor Who Partnership for These 3 Reasons
- Matlala paid Sibiya R1m monthly and R2m cash, commission hears