Local banks aren’t obliged to follow with lower borrowing costs, though the city’s battered economy after months of political protests and now the virus outbreak is in need of supportHong Kong’s government unveiled a giveaway-packed budget in February, as well as a projected record deficit for 2020, as officials attempt to prevent the first back-to-back annual recessions on record. Germany to Sell Debut Green Debt as It Seeks to Dominate Mar... Interest Rate in China averaged 4.61 percent from 2013 until 2020, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.85 percent in April of 2020. Australian GDP Falls by Most on Record, Confirming Recession Indonesia Fuels Worries With Plans to Cut Central Bank Auton... The HKMA on Wednesday lowered its base rate to …

You may also find the relevant enquiry hotline and email address there. Germany to Sell Debut Green Debt as It Seeks to Dominate Mar... Hong Kong Monetary Authority cut its benchmark interest rate in line with the U.S. Federal Reserve. New Zealand’s Central Bank Signals Openness to Looser Policy

All rights reserved. Even if prices of stocks come down over the medium term, as a holder of a REIT you will be paid dividends to wait for the inevitable market recovery. Widow-Maker Trade Returns With Relentless Japan Debt Sales In light of the Fed’s decision, the Hong Kong Monetary Authority (HKMA) adjusted downward the Base Rate by 50 basis points to 1.50% today according to a pre-set formula.
Danske Bank Probed by Its Watchdog Over Debt System Mistakes Sustained Support From Bank Indonesia May Bolster Corporate...

Germany to Sell Debut Green Debt as It Seeks to Dominate Mar... Asian Dollar Bond Sales Seen Slowing After China Record Bing... New Zealand’s Central Bank Signals Openness to Looser Policy

(RTTNews) - Hong Kong's retail sales declined further in July, albeit at a softer rate, figures from the Census and Statistics Department showed on Tuesday. Australian Firms Tout Private Credit After Pandemic Drives D... The Hong Kong Monetary Authority cut bank capital buffers to free up HK$500 billion ($64 billion) in cash to stoke lending in the struggling Asian financial hub. Sustained Support From Bank Indonesia May Bolster Corporate... The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) the composite interest rate at the end of July 2020.The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 18 basis points to 0.53% at the end of July 2020, from 0.71% at the end of June 2020 (see The historical data of the composite interest rate from the end of the fourth quarter of 2003 to the end of July 2020 are available in the Monthly Statistical Bulletin on the HKMA website (The HKMA has set up a dedicated webpage to facilitate public understanding of measures by the HKMA and the banking sector to support SMEs and individuals amid the COVID-19 outbreak. Australian Firms Tout Private Credit After Pandemic Drives D... The HKMA on Wednesday lowered its base rate to 1.50% from 2.00% in step with the Fed’s move according to a “pre-set formula”.The move is an automatic response to Fed Chairman Jerome Powell’s emergency 50 basis point reduction to counter the economic effects of the spreading coronavirus epidemic.As the Hong Kong dollar is pegged to the greenback, the city essentially imports U.S. monetary policy.




JPMorgan Says Key Markets Brace for a Contested Election Australian GDP Falls by Most on Record, Confirming Recession



Investors have already seen a bounce in REIT names in Asia in reaction to the rate cut, including in Hong Kong and Singapore. The benchmark interest rate in China was last recorded at 3.85 percent. Asian Dollar Bond Sales Seen Slowing After China Record Bing...


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