Citi plus interest rate of 0.1%, the same industry and capital costs, the market is estimated to increase by half a year.

Citibank (Hong Kong) raised its interest rate for the interbank rate (H) and the interest rate mortgage (P) rate by 0.1%, and H rose to 2.35% at the interest rate of the lock. P rose to 2.25% at the actual interest rate. Market participants pointed out that due to rising capital costs, it is expected that banks will follow Citigroup’s interest rate increase, and this year’s interest rate may have a cumulative increase of 0.25 to 0.5%.

P according to the actual interest of 2.25% H capping 2.35 percent

Citigroup announced yesterday that the interest rate of H is H plus 1.4%. The interest rate ceiling is adjusted from P minus 3% to P minus 2.9%. The best interest rate of the bank is 5.25%, that is, the maximum interest rate is raised from 2.25%. 2.35 PCT. P is adjusted from P minus 3.1% to P minus 3%, ie from 2.15% to 2.25%, effective immediately. The bank pointed out that the adjustment of the mortgage interest rate is to increase the risk of balancing the cost of capital and improve risk management.

Liu Yuanyuan, the chief vice president of the Meridian Mortgage Referral, pointed out that if the lender builds a mortgage with a new mortgage plan, with a loan amount of 1 million yuan and a loan of 30 years, according to the increase of Citi, the monthly contribution will increase by 50 yuan compared with the old plan. . She also expects that banks will raise interest rates by 20 to 25 pips as the overall cost of capital rises. It is expected to raise interest rates once again by the end of the year, with a cumulative rate hike of 25 to 50 pips.

Wang Meifeng, the managing director of the Central Plains Mortgage Brokerage, also said that as the Hong Kong dollar interest rate has risen repeatedly, many banks have introduced fixed deposits since the second quarter. Some Hong Kong dollar deposits are as high as 2%, which raises the cost of capital. Banks, especially small and medium-sized banks, have been There is pressure to raise interest rates. The market generally expects the US to raise interest rates again in September. It is close to the US dollar interest rate hike before the US interest rate hike or further increase. I believe that Citi’s interest rate hike is ready for the first time. It is expected that banks will follow the interest rate hike.

At present, the interest rate of the market building is generally H plus 1.24%, and the upper limit of the lock is P minus 3.1%. In spite of the significant drop in the Hong Kong dollar interest rate, the one-month interest rate for the first-month interest rate fell to nearly 1.392% yesterday. It was 2.632% for H plus 1.24%, which was still higher than the 2.15% of the lock limit.

Chen Zhiwei, director of traditional banking business of Shanghai Commercial Bank, also said that the bank’s capital cost has risen, but the best lending rate has not yet been raised. Subject to the lock-in ceiling of 2.15%, the bank mortgage spread has narrowed, and it is expected that banks will increase mortgages.