BUSINESSSCMP WORLD
HKMA keeps rate unchanged as new Fed chair holds steady, but a rise is expected this year
Hong Kong’s Monetary Authority (HKMA) maintained its base rate at 4% following the US Federal Reserve's decision to keep rates steady under new chairman Kevin Warsh. The Fed, however, anticipates an interest rate increase later this year due to inflationary concerns.
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Adjacent reporting
- Federal Reserve holds rates steady as Kevin Warsh chairs his first meeting - and now a rate hike is looking more likely than a cut this year
- Fed holds rates steady but opens the door to hikes later this year
- Federal Reserve keeps rate unchanged, but nearly half of policymakers would support hike this year
- The Federal Reserve held rates steady in Kevin Warsh's first meeting as chair
- Fed keeps interest rates unchanged, says hikes may be coming later this year