The Hong Kong Monetary Authority (HKMA) has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged, but US traders are already betting on a rate rise in September. The city’s base rate was kept at 4 per cent by the HKMA on Thursday. Hours earlier, the US Federal Reserve also retained its target rate in the range of 3.5 to 3.75 per cent, concluding its fifth Federal Open Market Committee (FOMC) meeting this year. “US interest rate adjustments will...
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