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

The HKD interest rate rose above 4% across the board for three consecutive trading days

On May 21, the HKD interest rate rose across the board for three consecutive trading days. Among them, the overnight interest rate rose above 4% to 4.06226%, reaching a new high of more than two weeks.

Zhitong FinanceMay 21 01:46 ET

Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say

GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.

MT NewswiresMay 17 06:35 ET