HONG KONG: Hong Kong’s de facto central bank followed the Federal Reserve and boosted interest rates for a third time since December, elevating the risk of a sell-off in the world’s priciest housing market.
The Hong Kong Monetary Authority increased borrowing costs by 25 basis points to 1.5% after the Fed raised its target range by a quarter of a percentage point.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!