Inflation or Deflation ahead?

[redslert]

HSBC Hibor back to 2.5500, which is Sept-2022 level.
Rate increase are definitely near the peak now and things will move slower.

[shri]

HSBC Hibor back to 2.5500, which is Sept-2022 level.
Rate increase are definitely near the peak now and things will move slower.

Fed should 0.25% today... ?

[shri]

Back on topic ... the IMF report is interesting with the UK being the only "major" economy showing -ve growth.

https://www.imf.org/en/Publications/...e-january-2023

[Peaky]

HSBC Hibor back to 2.5500, which is Sept-2022 level.
Rate increase are definitely near the peak now and things will move slower.

Transmission from US rates into HIBOR is really complex and driven by esoteric factors in the short term. Longer tenors and HKD swaps are way higher. I'll be very surprised if we see a fed cut this year, and still two 25bps hikes at least (including the one due today). In short, HIBOR 1m will trend back up soon enough.

[freeier]

Concur with Peaky.. but interesting to see how the market will react.. property market seems suddenly hot with all the expectation of pivoting rates and china money flowing in to snap up units.. good luck to those who jumped in based on those beliefs...