HSBC maintains the best lending rate at 5 cents unchanged, and the Monetary Authority urges management of interest rate risks
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HSBC announced that it will maintain the prime rate at 5 basis points, in line with market expectations. The Federal Reserve also decided to keep the interest rate at 3.5 to 3.75 basis points. The Hong Kong Monetary Authority pointed out that there is uncertainty regarding the future direction of U.S. interest rates, which may affect the interest rate environment in Hong Kong. Citizens need to manage interest rate risks when purchasing property, investing, or borrowing. The Hong Kong Monetary Authority will continue to monitor market changes to ensure monetary and financial stability
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