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DBS Estimates HK Best Lending Rate to Rise to 5.75% This Yr
Rocky Cheung, Head of Investment Product and Advisory, Hong Kong Wealth Management at DBS Bank (Hong Kong) Limited, said at the press conference that he estimated three rate hikes ...
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DBS Estimates HK Best Lending Rate to Rise to 5.75% This Yr
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2018/04/18 13:33
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Rocky Cheung, Head of Investment Product and Advisory, Hong Kong Wealth Management at DBS Bank (Hong Kong) Limited, said at the press conference that he estimated three rate hikes by US this year and the likelihood of a hike in June will rise to 80%. Cheung said market situation will be in danger if the authority still does not make inference. He expected the best lending rate in Hong Kong will lift to 5.75% this year, stressing Hong Kong's uptrend in catching up US interest rates will be apparent.
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