Hong Kong

Hong Kong moves rates

The Hong Kong Monetary Authority was quick to follow the US Federal Reserve, cutting the rate it offers through its discount window by 25 basis points to 2.25%.

It moves in line with the United States as the currency is pegged to the US dollar.

HK leader says does not agree with Moody's ratings move

Hong Kong leader Carrie Lam has said she did not agree with Moody's move to downgrade Hong Kong's ratings outlook .

The credit ratings agency on Monday changed its outlook on Hong Kong's rating to negative from stable but maintained its current rating.

According to BBC Correspondent Nick Beake, Ms Lam said the downgrade was "disappointing".

View more on twitter