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View Full Version : Hong Kong Cuts Lending Rate to Counter Credit Crisis (Update3) - Bloomberg



NewsWhore
10-08-2008, 12:00 AM
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Hong Kong Cuts Lending Rate to Counter Credit Crisis (Update3) (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaY5t0dWcS1xg%26refer%3Dasia&cid=0&ei=hjHsSJv4FKT2ygS0scyDCQ&usg=AFQjCNFti3k5YYmFCXgugGx90rxT4rd-ig)
Bloomberg - 10 minutes ago
The HKMA tracks the Fed Funds rate, which is now at 2 percent, because Hong Kong&#39;s currency is pegged to the dollar. Australia cut yesterday its benchmark ...


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