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Savings Interest Rates - Slight up tick

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  1. #1

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    Savings Interest Rates - Slight up tick

    Let's party like it's 1997 or 2008...! Woo-hoo!




    OCBC Wing Hang Bank announced to lift the HKD saving deposit rates to 0.25% from 0.01%, applicable to HKD saving deposits with the balance of $10,000 or above, effective tomorrow (5 September). The adjustment is the first time since 2008, the bank said. The U.S. will convene the FOMC Meeting at the end of this month. Street broadly expects a rate hike of a quarter per cent. In Hong Kong, the balance of the banking system dropped below $80 billion after HKMA meddled in the market by undertaking Hong Kong dollar for multiple times. ~ AAStocks Financial News Web Site: aastocks.com


    2018-09-04 15:11:36
    pin likes this.

  2. #2

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    They might be signaling a liquidity issue?