Hong Kong Central Bank Maintains Base Rate Unchanged for 7th Consecutive Time

Wednesday, 12 June 2024, 23:01
The de facto central bank of Hong Kong has decided to keep its base rate stable for the seventh time, causing traders to look forward to the potential adjustment in September. Market participants are eagerly awaiting the projected first cut in borrowing costs, indicating a shift in market sentiments and expectations.
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Hong Kong Central Bank Maintains Base Rate Unchanged for 7th Consecutive Time

Hong Kong Central Bank's Base Rate

Stable Amid Expectations

Hong Kong's de facto central bank has chosen to keep its base rate unchanged for the seventh time, sparking anticipation among traders in the financial markets. As the focus shifts towards September, market participants are eyeing the potential first cut in borrowing costs.

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