HKMA Reduces Benchmark Interest Rate by 50 Basis Points to 5.25%

According to BlockBeats, on September 19, the Hong Kong Monetary Authority (HKMA) announced a reduction in its benchmark interest rate by 50 basis points, bringing it down to 5.25%. This decision follows the U.S. Federal Reserve’s announcement earlier in the day to cut its interest rate by the same margin.

By Binance News