Hong Kong Holds Rate as Fed Signals Inflation Concerns [BNN Bloomberg (Canada)]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: BNN Bloomberg
The HKMA left rates unchanged at 5.75% Thursday. The decision came after the Fed held interest rates at a two-decade high for the sixth time in a row, a decision expected by all economists surveyed by Bloomberg. The Asian finance hub's monetary policy moves in lock-step with the US as the local currency is pegged to the greenback. Elevated borrowing costs in recent years have weighed on the city's recovery from a pandemic slump and its real estate sector. Hong Kong's growth is expected to slow this year, dragged also by weak demand in mainland China. The city will report GDP data for the first quarter this year on Thursday afternoon. ©2024 Bloomberg L.P. Top Picks Top Stories Federal Reserve says interest rates will stay at two-decade high until inflation further cools Oil begins moving on $34 billion Trans Mountain pipeline expansion Canada's housing plan 'bumping up against' capacity restraints, interest rates: economist 'We're excited to be expanding across Canad
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/29/24 - Form 4
- CMG's page on the SEC website