Property News · December 2, 2017

Key rates are poised to rise in the first quarter, but what does this mean for Hong Kong borrowers?


Interest rates in Hong Kong are rising for the first time since they were slashed following the global financial crisis. The benchmark Hong Kong interbank offered rate (Hibor) hit nine-year highs last week, and analysts expect commercial banks will change their prime rates for the first time since 2008 in the first quarter next year.
Over the past two years, Hong Kong government officials have issued warnings about the potential risks of higher interest rates for homeowners and companies.
Banks…

Source : South China Morning Post
Read more…Key rates are poised to rise in the first quarter, but what does this mean for Hong Kong borrowers?

You may also like...