Banks in Hong Kong lower their interest rates
發佈日期: 2025-09-18 21:47
TVB News
Banks in Hong Kong also lowered their interest rates following the Fed's rate cut.
Local banks reduced their best lending rate by 0.125 percent, which is half the Fed's cut.
Hong Kong Monetary Authority Chief Executive Eddie Yue said the interest rate cut will provide some support to Hong Kong's economy.
He said interest rate cuts will alleviate the debt burden of individuals and businesses and will have a positive impact on the economy and the property market.
But he cautioned that due to uncertainties regarding the extent and pace of future U.S. interest rate cuts, residents should carefully manage risks associated with interest rate changes when they borrow money for home purchases and other purposes.
