Zhongyuan Mortgage: Hong Kong rate cut cycle may start as early as the end of the year, expected to boost confidence in the property market

Wang Meifeng, Managing Director of Central Mortgage, stated that the interest rate cut cycle in Hong Kong may start as early as the end of the year, which is expected to boost confidence in the property market. It is expected that the United States will start cutting interest rates in September, and the Hong Kong dollar interbank rates are expected to fall in the fourth quarter, easing the funding cost pressure on banks and enterprises, and enhancing banks' enthusiasm for mortgage lending. Wang Meifeng believes that if the United States cuts interest rates in September, the Hong Kong dollar interbank rates will gradually decline, which will have a positive impact on the Hong Kong property market