• 09/21/2024

Brace for more mortgage pain as Hong Kong lenders seen lifting prime rates with the Fed odds-on to tighten policy again

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Consumers might need to brace for bad news next week, with analysts predicting banks will raise their prime rates after the Federal Reserve’s projected rate hike. That could hurt the city’s nascent economic rebound.

https://www.scmp.com/business/banking-finance/article/3228013/brace-more-mortgage-pain-hong-kong-lenders-seen-lifting-prime-rates-fed-odds-tighten-policy-again?utm_source=rss_feed