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Hang Seng Bank experts expect the Fed to cut interest rates twice this year

Think it is good news for Hong Kong

Fed Chairman Powell made it clear that the time for a rate cut has come. Hang Seng Bank senior consultant Liang Zhaoji said on a radio program on the 24th that there is a high chance of a rate cut in September, and it is estimated that it may be reduced by 1/4 percentage point (25bp).

He expects the Fed to cut interest rates twice this year, 1/4 percentage point each time, which means that it may be reduced by half a percentage point (50bp) by the end of the year, which is believed to be good news for Hong Kong.

Liang Zhaoji pointed out that the interest rate cut will reduce the credit costs of various industries relatively, and at the same time it can boost the market atmosphere and hope to increase business traffic.

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