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Hong Kong lenders tread carefully amid mixed recovery signs: TransUnion

Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference agency TransUnion. In response to the US Federal Reserve’s latest cut, the Hong Kong Monetary Authority – the city’s de facto central bank – reduced its base rate to 4.25 per cent in October, its second decrease this year. That has prompted major banks to lower their prime rates and reduce borrowing...


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