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U.S. interest rate hike|HSBC raised P for the third time this year, plus 0.25% to 5.625%, which will take effect on Friday

2022-12-15T04:31:04.299Z


The Federal Reserve announced the seventh interest rate hike since March this year, with a rate of 0.5%. When the interest rate gap between Hong Kong and the United States widened and the cost of funds continued to rise, the leading bank HSBC raised the prime rate (P), which was the third since September this year. three times.


The Federal Reserve announced the seventh interest rate hike since March this year, with a rate of 0.5%. When the interest rate gap between Hong Kong and the United States widened and the cost of funds continued to rise, the leading bank HSBC raised the prime rate (P), which was the third since September this year. three times.


HSBC announced today (15th) that starting from December 16th, the Hong Kong dollar prime rate will be raised by 0.25 basis points, from 5.375% to 5.625% per annum.

HSBC increased P for the first time this year on September 22 this year, from 5% to 5.125%, and the second increase of P was on November 4, raising it by 0.25% to 5.375%.

At the same time, HSBC also raised the interest rate for Hong Kong dollar savings accounts by 25 basis points.

HSBC adjusted the Hong Kong dollar savings account interest rate for the first time this year since September 22, when it was raised by 12.4 points, and the second time was raised by 25 points on November 4.

HSBC: adjust the interest rate level in due course

Lin Huihong, chief executive of HSBC Hong Kong, said that since March this year, the US federal funds rate has been raised by 425 basis points.

Although the Federal Open Market Committee has slowed down the pace of raising interest rates this month, the global economic outlook remains uncertain and normalization of interest rates is expected to continue.

She pointed out that before the bank decided to adjust the Hong Kong dollar prime rate, it had fully considered the macroeconomic environment, the trend of the Hong Kong interbank offered rate, and the impact on the local economy.

In the coming year, we will closely monitor changes in the external environment and adjust interest rates in a timely manner. The main premise is to support the recovery of momentum in various sectors of the Hong Kong economy.

U.S. interest rate hike|Wang Meifeng: It is expected that Hong Kong’s P will only increase by 0.25%, and the interest rate will rise to 3.5%. Base interest rate to 4.75% U.S. interest rate hike|The Federal Reserve raised interest rates by 0.5% in line with expectations and then raised the forecast interest rate for next year to 5.1%

Source: hk1

All news articles on 2022-12-15

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