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UBS Group's central bank survey: Nearly 70% of respondents expect that the global economy is most likely to experience a soft landing.
According to a survey conducted by UBS Group Asset Management, of the 40 central banks surveyed globally, 66% expect the most likely occurrence of a soft landing for the global economy, while only 16% estimate that the global economy will enter a recession.
Hong Kong Inflation Modest in June
Hong Kong's Consumer Prices Rise 1.5% in June
Hong Kong's Unemployment Rate Remains Consistent in April-June
Short-term Hong Kong dollar interbank rates rise, overnight interbank rates rise to 4.48%, reaching a new high in nearly a week.
On July 16th, the short term interbank rates for Hong Kong dollars increased, but long term rates remained soft. Among them, overnight rates rose slightly by 4 basis points to a new high of 4.48131% in the past week.
China's Central Bank Holds Key Policy Rates Steady -- Update