Business
HSBC Projects 6 US Rate Cuts by 2025: A Potential Boost for Hong Kong Economy and Investments Despite Slow Loan Demand
HSBC anticipates six US rate reductions by June 2025, a positive development for Hong Kong's economy and investments. Lower interest rates will aid the city's economic revival, however, there hasn't been a sudden surge in loan demands, confirms Luanne Lim, HSBC Hong Kong's CEO.
"Our interest rate reduction was unexpected in the market due to our previous actions," stated Luanne Lim, the chief executive officer of HSBC Hong Kong, during a discussion on Friday.
She stated that HSBC had contemplated a reduction in rates prior to the Federal meeting last month, influenced by factors such as the macroeconomics, the degree of interbank rates, and their funding costs.
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