Hong Kong Monetary Authority Lowers Benchmark Rate Following U.S. Federal Reserve Cut

According to PANews, the Hong Kong Monetary Authority has reduced its benchmark interest rate by 25 basis points, bringing it down to 4.50%. This decision follows a similar move by the U.S. Federal Reserve, which also cut its interest rate by 25 basis points overnight. The adjustments reflect ongoing efforts to manage economic conditions and align with global monetary policies.