Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen
Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen

Hong Kong Monetary Authority (HKMA)

Hong Kong cuts interest rate after US Fed’s surprise move to bolster sagging economy as coronavirus outbreak spreads worldwide

  • US Federal Reserve cut interest rate by 50 basis points, the first emergency reduction since the 2008 global financial crisis
  • The Hong Kong Monetary Authority, which runs its monetary policy in lockstep with US policies, followed with a 50 basis point cut

Topic |   Hong Kong Monetary Authority (HKMA)
Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen
Eddie Yue Wai-man speaks to the press on his first day as chief executive of the Hong Kong Monetary Authority on October 2, 2019. Photo: Xiaomei Chen
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