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Strategies & Market Trends : HONG KONG
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To: Ron Bower who wrote (2345)9/24/1998 11:00:00 AM
From: Tom  Read Replies (1) of 2951
 
Ron, I've read that, after stabilising the HIBOR, HK will cut interest rates.

The China listings are moving for the central bank's mandated cut in the Mainland's USD lending rates. The USD cut is an apparent precursor to a cut in yuan rates.

Some seem to feel that the utility of interest rate policy is about the only one Beijing has left. And Morgan Stanley questions the utility of it in a deflationary environment.
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