Hong Kong Banks Hold Interest Rates Steady, Following US Federal Reserve's Lead

HSBC, DBS, and other lenders maintain current rates as the Hong Kong Monetary Authority keeps its base rate unchanged for the seventh time.

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.