Hong Kong authority cuts base rate by adjusting formula

10/8/2008 10:21:30 AM   Source:chinaview.cn    Author:    [Font Size:Bigger Middle Smaller]

HONG KONG, Oct. 8 (Xinhua) -- The Hong Kong Monetary Authority announced on Wednesday that it is to adjust the methodology for determining the base rate starting from Thursday, which will amount to a base rate cut by 100 basis points.

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