Hong Kong, Fed
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, 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 is pegged to the greenback in a tight range of 7.
What the Fed rate cut means for mortgages, loans and credit cards
The Federal Reserve has made its first rate cut in 14 months, with more expected in 2024. Here are the smart money moves to consider.
Some on Wall Street think we’re about to get a 50-point rate cut from the Fed
Any reduction in the base rate will be welcome news. The base rate is currently at a more than two-decade high, and hasn't been reduced since early 2020. The tightening was—by most analysts' estimations—necessary in order to wrestle down rampant inflation.
Hong Kong banks trim prime rates by a quarter point, meeting Fed's aggressive cut halfway
Hong Kong's de facto central bank cut its base interest rate for the first time in four years in lockstep with the US Federal Reserve, kicking off a cycle of reductions that would help businesses and homeowners to reboot.
Federal Reserve cuts rates by half a percentage point UAE other Gulf central banks follow suit
The CBUAE decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities.
Hong Kong Makes First Rate Cut Since 2020, Boosting Economy
Hong Kong’s beleaguered real estate market is set for some relief after the city cut its base interest rate for the first time in four years, mirroring the Federal Reserve’s policy easing. The Hong Kong Monetary Authority lowered the rate by a half ...
Local bank follows Fed’s interest rate cut
Only hours after the Federal Open Market Committee said they would lower the target range for the federal funds rate by half a percentage point to 4.75 to 5 per cent, Butterfield Bank said they would
UAE Central Bank cuts base rate to 4.90% following US Fed cecision
The Central Bank of the United Arab Emirates (CBUAE) has announced a reduction in its Base Rate by 50 basis points, effective from September 19. The rate, which applies to the Overnight Deposit Facility (ODF), has been lowered from 5.40 to 4.90 per cent.
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
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Bank holds base interest rate at 5%
The Bank of England's Monetary Policy Committee voted to hold the base rate at 5% after cutting it last month by 0.25%.
UK interest rates live: Bank of England holds at 5% after shock US Fed cut
The Bank of England is widely expected to keep interest rates on hold on Thursday after the latest UK inflation figures ...
Japanese Yen experiences volatility due to Fed Powell caution, upcoming BoJ rate decision
The Japanese Yen depreciated as Fed Chair Powell emphasized that 50 basis points cuts are not the "new pace.” The JPY’s ...
Interest rates held at 5%: What it means for your mortgage and savings
We explain what the Bank of England's decision to stick at 5% means for your finances - and whether rates will be cut again ...
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CBUAE lowers Base Rate by 50 basis points
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 ...
Gold hovers close to new high of $2,600 after Fed meeting
The yellow metal popped to a new record high of $2,600 on Wednesday before quickly falling back following the ...
The Fed and chair Powell are 24 hours away from making market-moving news. Here’s what to expect
"The equity markets have remained resilient, particularly favoring value and dividend-paying stocks this quarter. This ...