News: 2024.03.21
Meridian: It is not ruled out that banks will consider slightly lowering P interest rates after the Federal Reserve cuts interest rates – Dongwang
According to the latest news, the Hong Kong dollar offered interest rate (HIBOR) will continue to hover at a high level of 4.5% to 5%, and this situation may continue for some time. At the same time, the general new mortgage interest rate of Hong Kong banks is expected to remain at 4.125%.
Regarding when the Federal Reserve will start to cut interest rates, Cao Deming said that this is still unknown. He pointed out that after the Federal Reserve cuts interest rates, banks may consider slightly lowering P interest rates first to respond to market changes.
Hong Kong dollar offered interest rates have remained at a high level, which has had a certain impact on the business operations of local banks. Banks need to handle this situation carefully to ensure stable business operations.
Currently, Hong Kong banks' new mortgage interest rates are expected to remain at 4.125%. This is a stable interest rate for home lenders and helps them plan for future repayments.
There is still uncertainty in the market about when the Federal Reserve will start cutting interest rates. This will have a certain impact on the bank's business operations, and banks need to pay close attention to market changes.