Federal Reserve Chair Janet Yellen. On Thursday the Fed increased the benchmark funds rate by 25 basis points to a range between 0.50 per cent and 0.75 per cent – the first rate rise in a year. Photo: AP

Rate rise to prompt capital outflows from China and Hong Kong, say experts

Rise likely to lead to a stronger US dollar and weaker yuan, which will prompt more mainland Chinese to invest overseas

Topic |   Federal Reserve

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Federal Reserve Chair Janet Yellen. On Thursday the Fed increased the benchmark funds rate by 25 basis points to a range between 0.50 per cent and 0.75 per cent – the first rate rise in a year. Photo: AP
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