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HKMA halves countercyclical capital buffer to encourage lending to SMEs

HKMA Asian Private Banker
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) announced on Monday that it has reduced the countercyclical capital buffer (CCyB) by a percentage point from 2.0% to 1.0% with immediate effect and has adjusted the base rate down to 0.86%, following the rate cut by the US Federal Reserve. The decisions came as central banks around the world started taking measures to…

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