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Interest rate cut by Hong Kong banks to ease loan repayments: finance chief

✍️ Vivian Au 📅 October 31, 2025 11:00 AM 🕐 Scraped: October 31, 2025

Summary: Paul Chan comments on move by banks to follow US Federal Reserve rate cut, says ‘it could lower pressure on residents and businesspeople’.

The decision by Hong Kong banks to follow the US Federal Reserve’s interest rate cut will help the city’s economy by easing loan repayments for mortgage holders, the finance chief has said, while revealing t

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Author

Vivian Au

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🌍 South China Morning Post

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Published Date

October 31, 2025 at 11:00 AM

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