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Hong Kong maintains base rate at 4.75% as Fed holds fire on Trump’s tariff fallout

The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower the prime rate by 0.125 percentage points.



HSBC and Standard Chartered maintained their prime rates after the HKMA kept its base rate unchanged at 4.75% following the Fed's decision to hold its target rate steady in the 4.25-4.5% range. The HKMA's policy is linked to the Fed's under the Linked Exchange Rate System. Future US rate cuts, and therefore potential Hong Kong rate cuts, are uncertain.

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