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HKMA maintains its base rate at 4.00%, as expected

Newsquawk Staff ·

HKMA maintains its base rate at 4.00%, as expected.

What it means

The HKMA's decision to maintain its base rate at 4.00% was widely anticipated, indicating a steady stance amid regional economic conditions. This could suggest continued alignment with expectations around the Fed's trajectory, impacting the USD and broader forex markets. Watch for any market reactions related to risk sentiment, especially in USD-denominated assets and regional currencies following this announcement.

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