Financial encyclopedia

The United States has raised interest rates by 0.75% one after another, and major banks have finally started to raise the prime interest rate. Both enterprises and mortgage contributors are beginning to feel the pressure of rising interest rates.

Force. How much do you know about the current lending system in Hong Kong?

The prime interest rate refers to the most basic interest rate that bank loans should have. Since there is no central bank in Hong Kong, the prime interest rate was decided by a meeting of the Banking Association in the past, but in the interest rate agreement

After the cancellation, it will be decided by the banks themselves. At present, the best interest rates are divided into big P and small P. The small P refers to the best interest rates of several major banks such as HSBC, Hang Seng and Bank of China, because

The interest rate is low, so it is called thin P, while other banks such as Standard Chartered and East Asia adopt big P.

The prime interest rate is closely related to the mortgage. Since the mortgage is just asking the bank to borrow money, the prime interest rate also determines the borrowing cost of the owners. And many times, the market

I'll hear h mortgage this way. In recent years, Lou Jian likes to borrow money in the form of H, and H uses interbank interest rate as the loan interest rate. As the world is in a low-interest environment in recent years, hot money

Abundance, the interbank interest rate has been low, and this kind of interest rate has a capping mechanism, so it is very popular in the market. However, with the rising interest rate, I believe P-click will be favored by the market again.

When it comes to interbank interest rates, it is worth mentioning that when there is a shortage of money, the increase in interbank interest rates can be quite alarming. When the Asian financial turmoil happened, Asian currencies were chased, causing dominoes.

As a result, Hong Kong's local interbank interest rate soared to 300%, and banks were in urgent need of cash settlement. Fortunately, they were able to successfully repel predators in the end, otherwise the bank balance would be insufficient and the exchange rate of Hong Kong dollar would be organic.

Will be impacted, UNPE.