Overview

• HSBC, DBS Hong Kong, and other major banks are maintaining their current interest rates.
• The Hong Kong Monetary Authority matched the US Federal Reserve's decision to keep rates steady.
• Analysts predict potential rate cuts by the US Fed in September, with Hong Kong banks possibly following in 2025.
• High interest rates continue to impact mortgage borrowers and businesses in Hong Kong.
• The HKMA has kept its base rate unchanged for the seventh consecutive time.