Hong Kong property

What does an interest rate hike mean for Hong Kong homeowners?

HSBC, Standard Chartered and several other Hong Kong banks have raised their prime lending rates for the first time in 12 years. The move comes after the Hong Kong Monetary Authority raised the base lending rate in lockstep with a move by the US Federal Reserve. Here’s what the rate hike means for people who have mortgages in the city.

(Photo: SCMP’s Winson Wong)

September 27, 2018
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