In this week’s Hong Kong Edition, we examine what tumbling borrowing costs mean for the city’s moribund property market, take a first look at Cathay Pacific’s revamped airport lounge, and review the latest venture by the team behind Yardbird.
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Silver Lining
US Federal Reserve Chair Jerome Powell may not have delivered an interest-rate cut
The one-month Hong Kong Interbank Offered Rate, or Hibor, has fallen sharply since April 29 from 4.07% to 2.09%, its lowest level since September 2022. (That’s the kind ...