HONG KONG (Reuters) – Hong Kong Finance Secretary Paul Chan said on Thursday he does not see a sharp risk to the city’s property market after the financial centre’s de facto central bank raised interest rates in lockstep with a move by the U.S. Federal Reserve.
Paul Chan was speaking after the Hong Kong Monetary Authority raised its base rate charged through the overnight discount window by 75 basis points to 3.5%, its highest since October 2008.
(Reporting By Clare Jim and Donny Kwok; Editing by Anne Marie Roantree and Christian Schmollinger)
