Reported 2 days ago
HSBC and Standard Chartered Bank have opted to keep their prime rates unchanged, following the Hong Kong Monetary Authority's (HKMA) decision to maintain its base rate at 4.75%. This aligns with the Federal Reserve's recent decision to hold its target rate steady as policymakers assess inflationary impacts from tariffs. Despite some market fluctuations, experts suggest that high inflation and slow economic growth may result in prolonged high interest rates, with potential easing later in the year.
Source: YAHOO