Hong Kong Lowers Interest Rates Following Fed Decision
In the latest turn of events, after Donald Trump’s victory in the US presidential election, the global financial market set its eyes on the Federal Reserve’s monetary policy, which was to be announced on 7th November, 2024. According to Reuters, the Fed cut interest by a quarter of a percentage.
What Is a Three-Tier Banking System In Hong Kong?
“In the hands of the right people, banking can be a force for good, enabling progress and prosperity for all.” – Muhammad Yunus. The banking system of Hong Kong is a testament to these lines of the former MD of the Grameen Bank. Its three-tier banking system has made