FOREX TradingCharts.com

Financial News: Hong Kong Monetary Authority Cuts Banks' Capital Buffer

Hong Kong Monetary Authority Cuts Banks' Capital Buffer Amid Economic Weakness

10/15/2019 - 09:10:00 (RTTNews)

(RTTNews) - The Hong Kong Monetary Authority late Monday trimmed the countercyclical capital buffer for bank to 2 percent from 2.5 percent, citing the slowing economy amid the anti-government protests. "Economic indicators and other relevant evidence have signaled that the economic environment in Hong Kong has deteriorated significantly since June 2019," the HKMA Chief Executive Eddie Yue said.

"Lowering the countercyclical capital buffer at this juncture will allow banks to be more supportive to the domestic economy and help mitigate the economic cycle."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Credit Card Spending Data Due On Thursday (04 hr(s), 51 min(s), 16 sec(s) ago)
(RTTNews) - New Zealand will on Thursday release October numbers for credit card spending, highlig ...Full Story»

Fed Minutes Reinforce Expectations Of Interest Rates On Hold (07 hr(s), 53 min(s), 16 sec(s) ago)
(RTTNews) - Minutes from the Federal Reserve's monetary policy meeting held in late October we ...Full Story»

German ECB Board Nominee Schnabel Says Harmful, Wrong Narratives Threaten Euro (12 hr(s), 53 min(s), 16 sec(s) ago)
(RTTNews) - Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Bo ...Full Story»

ECB's Lane Dismisses Eurozone Recession Talk, Sees Recovery Next Year Or Two (13 hr(s), 13 min(s), 16 sec(s) ago)
(RTTNews) - Eurozone's economy is growing more slowly than expected, but is unlikely to enter ...Full Story»

Greece Current Account Surplus Rises (13 hr(s), 53 min(s), 16 sec(s) ago)
(RTTNews) - Greece's current account surplus in September grew from a year ago, helped by an i ...Full Story»

ECB Says Non-Banks Raised Exposure To Credit, Exchange Rate Risks (15 hr(s), 27 min(s), 16 sec(s) ago)
(RTTNews) - The euro area financial stability environment remains challenging and non-banks have i ...Full Story»

Singapore Wholesale Trade Rises In Q3 (15 hr(s), 48 min(s), 16 sec(s) ago)
(RTTNews) - Singapore wholesale trade rose in the third quarter, figures from the Department of St ...Full Story»

Sweden Capacity Utilization Rises In Q3 (15 hr(s), 54 min(s), 16 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose further in the third quarter, figures from Stat ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Credit Card Spending Data Due On Thursday

11/20/2019 - 17:32 PM (RTTNews)
(RTTNews) - New Zealand will on Thursday release October numbers for credit card spending, highlig ...Full Story>>

Fed Minutes Reinforce Expectations Of Interest Rates On Hold

11/20/2019 - 14:30 PM (RTTNews)
(RTTNews) - Minutes from the Federal Reserve's monetary policy meeting held in late October we ...Full Story>>

German ECB Board Nominee Schnabel Says Harmful, Wrong Narratives Threaten Euro

11/20/2019 - 09:30 AM (RTTNews)
(RTTNews) - Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Bo ...Full Story>>

ECB's Lane Dismisses Eurozone Recession Talk, Sees Recovery Next Year Or Two

11/20/2019 - 09:10 AM (RTTNews)
(RTTNews) - Eurozone's economy is growing more slowly than expected, but is unlikely to enter ...Full Story>>

Greece Current Account Surplus Rises

11/20/2019 - 08:30 AM (RTTNews)
(RTTNews) - Greece's current account surplus in September grew from a year ago, helped by an i ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.