PDA

View Full Version : Hong Kong Lowers Base Rate to 5.75% as Fed Cuts Borrowing Costs - Bloomberg



NewsWhore
12-11-2007, 10:10 PM
Hong Kong Lowers Base Rate to 5.75% as Fed Cuts Borrowing Costs (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3Da4826rNV0Au8%26refer%3Dasia&cid=1124673008&ei=AVFfR77oGo3s-gHnk7CBAw)
Bloomberg - 1 hour ago
Hong Kong's currency is pegged to the US dollar at about HK$7.8. That typically means the city's monetary policy follows that of the Federal Reserve. ...



More... (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3Da4826rNV0Au8%26refer%3Dasia&cid=1124673008&ei=AVFfR77oGo3s-gHnk7CBAw)