Reported 4 days ago
Analysts predict that Hong Kong banks may lower their lending rates to a record low of 5% by 2025, which could provide significant benefits to the economy and property market. This comes after the Hong Kong Monetary Authority and the US Federal Reserve both reduced key interest rates by a full percentage point in 2024. While the Fed may pause further cuts in the first half of 2025, it is expected to make two or three additional reductions later in the year. As banks compete for loans, continued rate cuts could lower mortgage repayment costs and stimulate investment in the property sector.
Source: YAHOO