Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts

The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by

MT NewswiresJun 13 23:00 ET

Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.

Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.

Zhitong FinanceJun 13 02:01 ET

Hong Kong's Business Activity Contracts in May

Business activity in Hong Kong contracted once more in May after improving in March and April due to a fall in new orders and export conditions, according to data from S&P Global released Wednesday.

MT NewswiresJun 4 21:30 ET

Hong Kong PMI Indicates Downturn in Business Conditions -- Market Talk

0121 GMT - The latest S&P PMI data for Hong Kong looks bleak, indicating a worsening of business conditions in the private sector in May. The headline PMI slid to 49.2 in May from 50.6 in April, signa

WSJJun 4 21:21 ET

Swiss Inflation Data Points to SNB Holding Rates in June -- Market Talk

Given that inflation in Switzerland is in line with the Swiss National Bank's forecasts and first-quarter GDP data shows growth has picked up, the central bank will likely leave interest rates on hold at its next meeting on June 20, according to Capital Economics economist Adrian Prettejohn.

WSJJun 4 06:52 ET

Swiss franc's inflation rate in May equals this year's high, weakening the reason for interest rate cuts.

Switzerland's inflation rate remained at its highest level this year in May, weakening the reason for the Swiss central bank to cut interest rates later this month. Data released by the Swiss Federal Statistical Office on Tuesday showed that the consumer price index rose 1.4% year-on-year in May. The increase was in line with economists' expectations and remained unchanged from April. Although the data released on Tuesday is consistent with the Swiss central bank's average expectations for second-quarter inflation, the Swiss central bank has sometimes overestimated inflation. This means that lower-than-expected readings will support another interest rate cut. Switzerland remains one of the countries with the lowest inflation rates in Europe. Data from the eurozone showed that the annual

環球市場播報Jun 4 03:18 ET