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Hong Kong Central Bank Cuts Banks' Capital Buffer To Support Economy As Protests Escalate

by in.reuters.com posted 1year ago 37 views
The Hong Kong Monetary Authority (HKMA) has cut the amount of cash that banks must keep as reserves, releasing an extra HK$200-300 billion ($25.50-38.24 billion) into the broader economy which has been hit by months-long protests and the Sino-U.S. trade war.

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