"The rate cut will be positive for the economy and the property market in Hong Kong," said HKMA chief executive Eddie Yue Wai-man in a media briefing on Thursday. "However, the pace of future rate cuts remains quite uncertain."Together with a quarter-point rate cut in September, central banks in Hong Kong and the US have cut the key interest rate by half a percentage point.Although analysts said the lenders would not cut their prime rate below 5 per cent, Ng said HSBC would be "ready to adjust our rates as ...