HKMA KEEPS BASE RATE AT 4% AS US MARKET SLUMPS, FEARS THE FED IS LOSING INFLATION FIGHT

Hong Kong’s monetary authority has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged. The city’s base rate was kept at 4 per cent by the Hong Kong Monetary Authority (HKMA) on Thursday.

News - South China Morning Post reports that hong Kong’s monetary authority has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged.

The report adds: The city’s base rate was kept at 4 per cent by the Hong Kong Monetary Authority (HKMA) on Thursday.

Hours earlier, the US Federal Reserve also retained its target rate in the range of 3.5 per cent to 3.75 per cent, concluding its fifth Federal Open Market Committee (FOMC) meeting this year.

This report is covered across the current DAMMNEWS feeds. Economic headlines can describe an immediate market move or a longer-term change. Readers should separate the reported number from forecasts, commentary and what happens next.

This is a developing report. DAMMNEWS will surface related coverage as closely matched reporting enters the live cache.

DAMMNEWS RSS BRIEFING — generated locally from the available News - South China Morning Post headline and RSS excerpt. It is not a summary of the full source article.