Hong Kong banking stocks generally rose today. As of press release, Hang Seng Bank (00011) rose 3.58% to HK$89.65; Bank of East Asia (00023) rose 3.56% to HK$9.61; HSBC Holdings (00005) rose 2.01% to HK$60.8; and Standard Chartered Group (02888) rose 1.23% to HK$65.9.
The Zhitong Finance App learned that Hong Kong banking stocks generally rose today. As of press release, Hang Seng Bank (00011) rose 3.58% to HK$89.65; Bank of East Asia (00023) rose 3.56% to HK$9.61; HSBC Holdings (00005) rose 2.01% to HK$60.8; and Standard Chartered Group (02888) rose 1.23% to HK$65.9.
According to the news, the Federal Reserve announced that the benchmark interest rate remained unchanged in the range of 5.25% to 5.5%, keeping interest rates unchanged for 5 consecutive times, in line with market expectations, while the Federal Reserve's latest bitmap still maintains the forecast of cutting interest rates 3 times this year. On the Hong Kong side, HSBC announced on the same day that the Best Preferential Interest Rate (P) will remain unchanged at the current level of 5.875%.
Cao Deming, chief vice president of Meridian Mortgage Referral, said that the Federal Reserve is expected to start cutting interest rates for the first time in the second half of the year as soon as possible. The Bank of Hong Kong will also consider a number of external factors and its own strategies to determine the pace of interest rate cuts. It is not ruled out that after the Federal Reserve cuts interest rates, it will consider lowering the Best Preferential Interest Rate (P) slightly first.