hong kong raises base rate to 1.5% after fed hike /

Published at 2017-06-15 06:49:00

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The Hong Kong Monetary Authority (HKMA) raised the base rate by 25 basis points to 1.5 percent. The increase follows a 25-basis-point increase in the target range for the US federal funds rate. HKMA chief executive Norman Chan said mortgage rates will rise in the near future. “This is the Fed’s third increase in seven […]

Source: ejinsight.com

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