Hang Seng Bank experts expect the Federal Reserve to cut interest rates twice this year, considering it good news for Hong Kong
2024-08-24 06:44:40
Midland Bank Reserve Chairperson Powell Ming confirmed that interest rate cuts timing Hang Seng banksdesk3cryptocurrencydesktopCrypto News
Federal Reserve Chairperson Powell has made it clear that the time has come to cut interest rates. Leung Siu-kee, a senior advisor to Hang Seng Bank, said on a radio program today that there is a good opportunity to cut interest rates in September, and it is estimated that it may be reduced by 1/4% (25bp). He expects the Federal Reserve to cut interest rates twice this year, 1/4% each time, that is, it may cut interest rates by half a percentage point (50bp) at the end of the year, which I believe will be good news for Hong Kong. Leung Siu-kee pointed out that the interest rate cut will relatively reduce the cost of credit in all walks of life, and at the same time, it will bring a
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