HONG KONG, Sept. 20 (Xinhua) -- The Hong Kong Monetary Authority (HKMA) on Thursday reduced its base interest rate to 5.25 percent, which is widely considered to be conducive to enhancing Hong Kong's business environment and the business development of local enterprises.
The U.S. Federal Reserve on Sept. 18 lowered its target range for the federal funds rate by 50 basis points to between 4.75 percent to 5 percent.
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