21 Sep 2024

The U.S. Federal Reserve announced a half-percent interest rate cut

美國聯儲局宣布減息半厘

The U.S. Federal Reserve announced a half-percent interest rate cut, the first rate cut in more than four years. Subsequently, a total of six banks including HSBC announced yesterday that they would lower Hong Kong's Prime Rate (P) by 0.25%, the first time in the past five years. rate cut, the actual mortgage interest rate dropped from 4.125% to 3.875%