HKMA warns of interest-rate risk as traders bet on September rate rise
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The Hong Kong Monetary Authority (HKMA) has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged, but US traders are already betting on a rate rise in September. The city’s base rate was kept at 4 per cent by the HKMA on Thursday. Hours earlier, the US Federal Reserve also retained its target rate in the range of 3.5 to 3.75 per cent, concluding its f
