Hong Kong central bank cuts interest rate, tracking Fed move
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HONG KONG, Sept 18 (Reuters) - The Hong Kong Monetary Authority on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.50%, tracking a move by the U.S. Federal Reserve.
Hong Kong's monetary policy moves in lock-step with the United States as the city's currency HKD=D3 is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
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