Although major banks in Hong Kong have yet to lower their rates, the move by the US Fed means the interest-rate environment remains benign. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Interest rate cut may be of greater benefit to city than the US

  • Decision by Fed could bring some cheer to gloomy Hong Kong that has been battered by US-China trade war and more than three months of civil unrest

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Although major banks in Hong Kong have yet to lower their rates, the move by the US Fed means the interest-rate environment remains benign. Photo: Reuters
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