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Citi Expects 4 Rate Cuts by US from July by 0.25% Each, HK Home Prices to Fall 10% This Yr
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The team expects the US to cut interest rates 4 times from July, with a rate of 0.25% each time, Josephine Lee, Head of Citigold and credit card sales at Citibank Hong Kong, said. Hong Kong may not be able to follow the US' rate cuts immediately, but the 3-month interbank offered rate will gradually decrease this year. Lee was also not optimistic about property prices this year, and expected a 10% decline this year. AAStocks Financial News |
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