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

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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Ontario Teachers’ to close Hong Kong office amid geopolitical risks and shift to Singapore
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