Hong Kong Holds Interest Rate Unchanged at 0.50%

The Hong Kong Monetary Authority held its base interest rate unchanged at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25% until mid 2013. Norman Chan, HKMA Chief Executive, said previously: "I don't think the ratings downgrade should impact the US government bond interest rate. International investors will continue to view US...