12/12/2017-6

Hong Kong 1-month interest rate 1.08% off 1.8%

With the effect of US rate increase on the eve of the year, the Hong Kong dollar interest rate continued its upward trend. In one month, the dollar interest rate hike rose to a 9 year high of 1.08%. The maximum off-market short-term interest rate hit a maximum of 1.8%. Individual banks began to snatch deposit New Year off, the highest breakthrough 2% level.

The financial sector is almost unanimously agreed that Hong Kong will not be in a hurry to increase the concessionary interest rate (P) by the end of this year. Medium-sized banks such as DBS and BOCHK will be the fastest-growing banks in Hong Kong or P in the first quarter of next year. BOC Hong Kong (02388) Bank of China is expected to raise interest rates in the second half of next year more opportunities than the first half.

Bank of China: interest rates after the New Year expected to fall

The investment community has taken the opportunity to raise interest rates before the change in the interest rate of the Hong Kong dollar at the present stage. The depositors may wish to take advantage of the year-end effect and banks are anxious to snatch the deposits while waiting to seize Hong Kong dollar deposits for a relatively high interest rate of 1.5% Choose a lot (see table).

Cai Yongxiong, a senior economist at the Hong Kong Development Planning Department at the Bank of China, said that the fact that the Hong Kong dollar interest rate cut in 2008 was only a full reflection of the interest rate hike in the United States is expected to continue to rise sharply before the end of the year. It will gradually fall after the New Year’s Eve. .

Yan Jianwen, deputy head of capital operation of China Everbright Bank Hong Kong Branch, said that due to the window dressing of the year and the need to dispose of assets due to the number of burials in Hong Kong, Hong Kong was still flooding some enterprises under water immersion. As a result, short-time interest rates rose to 1.7% to 1.8% Level.

If newly added flats in the market are generally 1.3% higher for HIBOR, the one-month rate rose to 1.08% yesterday, with the effective interest rate already reaching a cap of 2.15%. Mr Tung Chee Hwa, head of the currency and interest rate trading arm of East Asia (00023), predicts that even if Hong Kong increases P by mid-next year, he believes it will only add one cent to one cent. Turn to P Press.

Zhang Jingqin, Standard Chartered’s Hong Kong-based Asian FX strategist, added that in the past, there was a rate hike of about 3% in P and H (that is, one-month rate hike climbed about 2%). However, market conditions should focus on bank balances and other variables.