Hong Kong central bank chief says rate cut will have positive impact on economy
ReutersSep 18, 2025 1:17 AM
HONG KONG, Sept 18 (Reuters) - Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue said on Thursday an interest rate cut announced earlier will have a positive impact on the city's property market and economy.
Yue was speaking after the HKMA 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.
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