Hong Kong's Inland Revenue Department: From December 2, the annual interest rate on tax reserve certificates will be lowered to 0.5500%.
Today (November 29th), the Hong Kong Inland Revenue Department announced that starting from December 2, 2024, the new annual rate for interest on tax reserve certificates will change from the current 0.7167% to 0.5500%.
Sweden to Increase Borrowing as Budget Balance Set to Weaken
Lijia Pavilion: The bullish effects of interest rate cuts and market rescue measures are beginning to show immediate results, expecting the year-round decline in Hong Kong's property prices to narrow to 5.88%.
Chen Haichao, head of the research department at Lijia Ge Real Estate, stated that factors such as interest rate cuts and market rescue measures have initially had a bullish impact on the property market, stimulating a slight rebound in housing prices.
Hong Kong Inflation Slows to 1.4% in October Amid Base Effect Dissipation
Hong Kong Consumer Inflation Cools to 1.4% in October, Lowest in Five Months
In October, Hong Kong's CPI rose by 1.4% year-on-year and increased by 2.2% month-on-month.
In October 2024, Hong Kong's overall consumer prices increased by 1.4% compared to the same month last year, which is lower than the corresponding increase in September 2024 (2.2%).