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Hong Kong authority cuts base rate by adjusting formula
(tianshannet) Updated: 2008-October-8 10:28:15


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.

(SOURCES: xinhuanet.com)Editor: yila
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