Express News | The Hong Kong Monetary Authority has cut the benchmark interest rate by 50 basis points to 5.25%, following the Federal Reserve's announcement of a 50 basis point rate cut earlier this morning.
Daily Real Estate Industry News Summary (2024-09-19)
Experts: There is still room for further adjustments in various regions to reduce mortgage rates, lower transaction taxes and fees.
Paul Chan: The start of the interest rate cut cycle is expected to bring cautious positive effects to the Hong Kong economy.
Chan Mo-po stated on social media that the rate cut in the usa this time is in line with market expectations. It is widely expected that interest rates will continue to be adjusted downward this year.
Who has a higher winning percentage between the US dollar, the Chinese yuan, and gold before and after the first rate cut by the Federal Reserve?
From the historical interest rate cuts, the US dollar is under short-term pressure after a rate cut, and the medium to long-term trend is influenced by the relative strength of the US economy and global risk aversion, making it difficult to predict. The RMB exchange rate is relatively independent, with a greater chance of gold winning.
The Federal Reserve cuts interest rates by 50 basis points and the renminbi reaches a new high in over a year.
The Federal Reserve officially implemented a 50 basis point interest rate cut, and the US dollar plummeted overnight to new lows. After rebounding on Thursday Beijing time, it then fell from its high. Meanwhile, the Renminbi continues to appreciate, increasing its attractiveness as an asset.
After the Mid-Autumn Festival, the consumer loan interest rates of banks starting with the number "1" are gradually ending, with 2.88% still being the mainstream. The industry believes that in the long term, it will still enter the range starting with the
1. Although various commercial banks have all launched consumer loan promotional activities, the optimal level of annual interest rates for consumer loans is still maintained at 2.88%. 2. In order to increase the credit release efforts, banks have lowered the interest rates of consumer loans in exchange for quantity, and this has become a common situation in the consumer loan market. 3. With interest rates at a downward trend, consumer loan interest rates are expected to continue to decline, and the market's consumer loan levels may enter the single digits.