HK Banking System Balance Expected to Drop Below USD13 Billion Before Next Fed Meeting

Started by Epoch-Times-Bot, Oct 30, 2022, 11:30 PM

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Epoch-Times-Bot

Oct 30, 2022, 11:30 PM
HK Banking System Balance Expected to Drop Below USD13 Billion Before Next Fed Meeting

The U.S. Federal Reserve is expected to hike the rate again at its meeting Nov 1-2. In Hong Kong, the aggregate balance of the Hong Kong banking system is fast reducing to the HK$100 billion (US$13 billion) safety margin, and the Hong Kong dollar interest rate has risen for 13 consecutive days. Some analysts say that the banks of Hong Kong will have to raise interest rates again after the Federal Reserve’s interest rate meeting. Some of them also say that when the banks in Hong Kong again raise local interest rates, it will exert more pressure on Hong Kong’s property market as well as the economy....

Source: HK Banking System Balance Expected to Drop Below USD13 Billion Before Next Fed Meeting

xenzol

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xenzol

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